See a True Picture of the So-Called Real Estate Recovery

"Home values rise: Whiplash and then backlash?  Homeowners don't know whether to laugh or cry. The value of their homes sank as much as 50% during the mortgage crisis, but, then, in the second quarter of 2013 alone, home values have appreciated by nearly 30% in some markets."   "

"The bigger economic trend suggests that today's whiplash in home values will turn into an out-and-out backlash."

~ Bob Stokes, Wed. 31 Jul 2013

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Replies to This Discussion

Thanks for the graphic that dramatically shows that home values haven't come anywhere close to the 2005-2006 high.

I do object to that site using a truncated axis -- zooming in on only part of the range -- to exaggerate the changes. That's one of the classic methods of How to Lie with Statistics. (Darrell Huff's 1954 book by that name is still instructive and relevant!) The truth here is noteworthy enough.

"There, I fixed it." [TM]

I see what you mean! Good point! It is really difficult to find wide ranges, overtime, to get a clearer picture of what is happening. Here is an interesting example of history over time, 1600-2003 in 1990 International dollars. 

I keep looking for a graph to show income gap between rich and poor over this same time frame. 

Average Income by income groups 1917 - 2011

I would very much like to see the average income by income groups usa 1700 - 2011 in constant dollars. If anyone finds such a graph, please let me know. 




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