Wednesday, June 01, 2011

What a difference a century decade makes


Anonymous Chris said...

I wonder, as I look at this graph, if the Pittsburgh housing market actually _did_ stabilize in the first half of the last decade and the national bubble simply obscured that stabilization. Then, the massive gains in this recession might further reinforce that the national housing market is correcting itself whereas no local correction (in the macro sense) is needed?

Also, at the left-hand side of the graph, you could make a similar argument. There was a bit of a real estate bubble in the late 80s that could have had an impact.

Saturday, June 04, 2011 10:17:00 AM  

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