Tag: housing
Housing & GDP
“The Big Picture” posted this chart today showing housing prices & GDP growth in the US from 1945-2009. In the late 1990s housing began to pull away from GDP. Retrospectively this was the first clue that the levels of house price appreciation were unsustainable.
Posted: July 8th, 2009 under Housing & Real Estate.
Tags: GDP, history of housing prices vs. GDP, housing
Comments: none
The Maestro’s latest prediction
Apparently Alan Greenspan wrote in an article for Emerging Markets Magazine that home prices would begin to stabilize in the early part of 2009. Specifically, “More conclusive signs of pending home price stability are likely to become visible in the first half of 2009.”
Although many of the prophetic statements he has made in the past [...]
Posted: October 14th, 2008 under Housing & Real Estate.
Tags: alan greenspan, credit crisis, home prices, housing, housing cycle, housing slump
Comments: none