Here is a nice chart from economix (that's the New York Times econ blog; yes, I do occasionally read the NYTimes):
The blue indicates how much the Dallas house prices changed in a given month as compared to the same month in the previous year. So if last July the prices were on average $100,000 per house, and this July the prices were on average $110,000, then the blue line would show +10%, since the house prices increased by 10% in that one year period.
The gray area shows the same statistic not for Dallas, but the average for all the largest cities in the US.
So - Dallas' prices were 2.2% lower in June 09 than they were in June 08. Notice how prices in Dallas increased by much less than the national average in the boom years, but they also fell much less in the bust years. Maybe we can call our prices 'lukewarm'? :)
Also note the reversal of trend in Dallas and the nation early this year. Seems that the price drops are becomming smaller and smaller, perhaps we will soon see gains again?
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