Como he hestado ocupado voy como dice la cancion...'
A time to kill, a time to heal / A time to laugh, a time to weep / To Everything (Churn, Churn, Churn) / There is a season (Churn,Churn,Churn)
Estoy en repetidora mode.
In 2006, just as the Housing market was peaking, the NYT ran this graphic of the 100-year Case Shiller chart. It showed how radically overvalued Housing had become. Two years later, TBP reader Steve Barry updated that graphic, including the projected Home Price mean reversion. Its time to update this for 2011. Note the 2009 tax credit wiggle.
The five-year swoon in home prices has done little to shake the confidence of the American public in the investment value of homeownership. Fully eight-in-ten (81%) adults agree that buying a home is the best long-term investment a person can make, according a nationwide Pew Research Center survey of 2,142 adults conducted from March 15 to March 29, 2011.
Hispanic and black homeowners have higher levels of buyer’s remorse than do whites. Asked whether, if they had it to do all over again, they would buy their current home, 39% of Hispanics and 35% of blacks say they would not, compared with just 20% of whites.
According to the Pew Research survey, 33% of Hispanic homeowners report being underwater, compared with 15% of blacks and 13% of whites.
UPDATE! April 21, 2011
Mapa Interactivo Porciento Caidas Precios, Dias en Caidas de Precios para los 48 estados continentales:
update 04/28/11 - mas de la burbuja aqui