Friday, April 20, 2012
Party Like It's 1999!
Housing prices have now returned to the inflation-adjusted levels of 1999. This chart from the American Enterprise Institute is particularly interesting regarding just how high prices got in the housing bubble. I'm curious, though, and I'd like to find information going further back in the past. The chart clearly shows that housing prices were even lower prior to 1999. Hmm ... just what is the historic average? I'll have to take a look.
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