Ph.D. programme on global financial markets and international financial stability at Jena University and Halle University, Germany

Posts mit dem Label Case-Shiller index werden angezeigt. Alle Posts anzeigen
Posts mit dem Label Case-Shiller index werden angezeigt. Alle Posts anzeigen

Dienstag, 30. Dezember 2008

The US housing bubble in historical perspective

Blogger Barry Ritzholtz at The Big Picture presents a diagram with the long-term evolution of US housing prices according to the Case-Shiller index. The diagram shows the extreme overvaluation during the housing bubble that began in the late 90s and burst in 2007. The diagram also suggests that a further massive downward correction is unavoidable during the coming years.