RE and economic charts: After Losing $6.6 Trillion in Value Since 2007 Sales Peak, U.S. Home Prices Are Back to Mid-2003 Levels

Tuesday, October 25, 2011

After Losing $6.6 Trillion in Value Since 2007 Sales Peak, U.S. Home Prices Are Back to Mid-2003 Levels

[mEDITate-OR:
not see that THIS chart by Bill@Calculated Risk is still among the best...!

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While some headlines are simply wrong, such as the last article from Bloomberg-WA Post
what we should note is that West of the Rockies, with the single exception of Portland
ALL of the rest of the large cities are down, again, this month.

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What CR chart shows U.S. is that Seattle and Portland missed out on the 1st year of the collapse
but they are now still reaching new record lows.
Lost Vegas and Phoenix-in- ashes were early looser, AND they still are suffering major losses.
Very Ugly

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What is also striking is that ONLY Detroit - yes, that Detroit - and WA DC are up this year.
Even Dallas, who thought they would miss out on all the fun, is now reaching, for them, record lows.