The Long Life Span of a Housing Downturn

Saturday, June 02, 2007 | 01:00 PM



Graphic courtesy of NYT

Interesting graphic from Floyd Norris this morning in the NYT (above) from the article The Long Life Span of a Housing Downturn:


"The trends in home sale numbers are similar, however. In the first couple of months after the peak, sales did not slip as much in 1989, but by the ninth month they were off about as much as they are now, with new-home sales particularly hard hit.

One thing that was very different at the 1989 peak from the one in 2006 was the trend in the number of homes being offered for sale. When prices peaked in 1989, the number of homes for sale was already declining, and it continued to fall for some months, perhaps reflecting decisions by homeowners to hold on and wait for prices to come back.

In 2006, however, the number of homes for sale rose as the peak neared, and the latest report shows that more than 4.1 million homes were for sale at the end of April, the largest number ever. That included almost 3.6 million existing homes, also a record high."


The Long Life Span of a Housing Downturn      
NYT, June 2, 2007

Saturday, June 02, 2007 | 01:00 PM | Permalink | Comments (15) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



TrackBack URL for this entry:

Listed below are links to weblogs that reference The Long Life Span of a Housing Downturn:


so, looks like in the worst case, in 1989, houses fell about 8% in value? That's it?

It depends on the market, but, here in chicago, I guess I should just drop anchor and finally buy a place. . . if the drop is only 8%, then, what's the big deal.

Posted by: critical thought | Jun 2, 2007 1:29:53 PM

The comments to this entry are closed.

Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      


Complete Archives List



Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:

Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo



Odds & Ends

Site by Moxie Design Studios™