RE and economic charts: Chart of the Day: The Uneven Home Price Collapse + Home Prices: How Low Can They Go?

Saturday, June 4, 2011

Chart of the Day: The Uneven Home Price Collapse + Home Prices: How Low Can They Go?

[mEDITate-OR:
assume that all home RE markets are equal
when some are clearly more equal than others
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Part of what interests me about charts is how differently they display the information that they try to convey to U.S.
These three charts appear to be very similar, but they are different.
In the 1st the use of bold colors is unusual, and quite easily to follow.
In the 2nd Daniel@Atlantic has selected certain cities to magnify the differences between them.
In the 3rd the use of pastel colors make it much more difficult to see and read.
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What we can see in all three is that some bubble cities are very different than others.
Seattle and Portland were late getting into the game, but are catching up, fast.
Some, like Detroit, never went up, but sure as Hell went down.
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Some of what you do NOT see is the fact that much of the problems in California were not in Frisco or LA, but far enough outside them to not appear on these charts.
Another thing is that what is happening in Phoenix is very different from Vegas - all cash investors are scooping up any and all suburban subdivision foreclosures, but in Vegas not anywhere near the same numbers. What investors see is that Phoenix is much more likely to grow than will gambling based Vegas. While that, too, is a gamble - sorry - it probably is a very good one.
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