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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

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Source: Bespoke Investment Group [3]

 

 

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 [4]

 


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:

[1] Image: http://www.bespokeinvest.com/storage/change%20from%20highs.png?__SQUARESPACE_CACHEVERSION=1401383914822

[2] Image: http://www.bespokeinvest.com/storage/change%20from%20lows.png?__SQUARESPACE_CACHEVERSION=1401383929503

[3] Bespoke Investment Group: http://www.bespokeinvest.com/thinkbig/2014/5/29/updated-spcase-shiller-housing-numbers.html

[4] Continues here: http://www.bloombergview.com/articles/2014-06-02/the-housing-market-s-uneven-recovery-ritholtz-chart

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