American House Prices: Reality Check [Analyze This]
by Osman Parvez
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Today’s interactive Daily Chart from the Economist is excellent. American House Prices: Reality Check. It shows house prices going back to 1980 across five metrics; HPI, Prices in Real Terms, Price to Rent, Price to Income, and Percent Change. You can switch on/off markets and use the sliders to adjust the dates.
Here’s what Denver (grey) looks like for prices in real terms since 2000 compared to Phoenix (green) and Seattle (red).
Think we’ve got room for the market to keep moving up? I sure do. It seems we’re a long way from the peak. Something to think about if you’re sitting on the sidelines.
Note, the toggles don’t work in the image above. You have to go to the article on the Economist website. For a real shock, switch on and off San Francisco.
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More about the author
Osman Parvez
Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.
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