Tuesday, Jan 15, 2008
Not very often
Motley Fool: How often do house prices fall?
Very itneresting article. House prices have risen for 20 out of the last 24 years.
Halifax HPI puts the long-run average at 7.9% since 1983, whereas the Nationwide has it at 8.7% a year since 1952.
Posted by little professor @ 12:07 PM (693 views) Add Comment
4 Comments
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1. techieman said...
...and 55 and 89 are fib numbers - how eiree!
2. lvmreader said...
http://en.wikipedia.org/wiki/United_States_housing_bubble
Robert Shiller's plot of U.S. home prices, population, building costs, and bond yields, from Irrational Exuberance, 2d ed.[9] Shiller shows that inflation-adjusted U.S. home prices increased 0.4% per year from 1890–2004, and 0.7% per year from 1940–2004, whereas U.S. census data from 1940–2004 shows that the self-assessed value increased 2% per year.
3. harold said...
"House prices have risen for 20 out of the last 24 years."
Which tells you that when it does fall, it goes with a bang. Falling daggers, and all that...
Not long to wait.
4. drewster said...
Great quote for the end-of-the-world brigade who sometimes stalk these pages:
"House prices would have to fall by almost seven-tenths (70%) to wipe out our net housing wealth. Even mega-bears (including me) know this isn't going to happen this side of Armageddon, even if things get tough on the fringes of affordability!"