My previous update was was on December 1 ,2008 in a post with the same name as this one Housing Update - How Far To The Bottom?
I just added the Summer 2009 arrow. Housing prices are now one notch closer to their final destination. The US Timeline scale is compressed. At the current pace, housing will bottom in about 7 years vs. 14 years in Japan.
Comparison to Case-Shiller
Inquiring minds may wish to compare the shape of the above chart to June 209 Case Shiller Release (April Data). (more)
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