Tuesday, January 15, 2008

Not very often

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 (969 views)
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4 thoughts on “Not very often

  • …and 55 and 89 are fib numbers – how eiree!

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  • 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.

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  • “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.

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  • 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!”

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