10 April 2007

housing bubble: what a ride...

Housing prices and housing sales impact the willingness of developers to build new houses. This in turn impacts lumber markets and limits or expands the economic viability of options available to forest managers.

Here's a short entertaining video that illustrates where housing values stood in 2006...

Real Estate Roller Coaster
US Home prices adjusted for inflation plotted as a roller coaster:

If you really need to see it as a graph click here, but watch the video first...

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