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Post Peak, Post Bottom CS Housing Numbers
Posted By Barry Ritholtz On June 2, 2014 @ 1:00 pm In Data Analysis,Real Estate | Comments Disabled
Source: Bespoke Investment Group 
I love these two charts – they are so instructive in so many ways. They really invite closer study as to why some cities have recovered so strongly, and why others have failed to.
The first 4 cities in the % from Bubble peaks are Las Vegas, Phoenix, Miami, and Tampa. These cities saw huge booms in housing but without a proportional accompaniment increase in economic activity. Especially in terms of the jobs creation that would allow people to pay those cheap mortgages which supported those elevated prices.
Continues here 
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2014/06/post-peak-bottom/
URLs in this post:
 Image: http://www.bespokeinvest.com/storage/change%20from%20highs.png?__SQUARESPACE_CACHEVERSION=1401383914822
 Image: http://www.bespokeinvest.com/storage/change%20from%20lows.png?__SQUARESPACE_CACHEVERSION=1401383929503
 Bespoke Investment Group: http://www.bespokeinvest.com/thinkbig/2014/5/29/updated-spcase-shiller-housing-numbers.html
 Continues here: http://www.bloombergview.com/articles/2014-06-02/the-housing-market-s-uneven-recovery-ritholtz-chart
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