I love reading the New York Times and Washington Post online to get a national perspective of the real estate and lending markets. There is a great graphic I found today on the Times website. It show change in housing prices plotted over 8 years for 20 cities. There is a 20-city composite overlaid with single-city data. If you check it out, take a minute to click on the Seattle data, then compare it to Las Vegas, southern CA and FL. You see that the Seattle area, while experiencing phenomenal appreciation into 2006, had a much more moderate curve than the other cities in NV, CA and FL. Las Vegas is most pronounced with a steep rise and a corresponding steep fall. The graphic can be found at:
http://www.nytimes.com/interactive/2008/10/28/business/20080624_HOUSING_GRAPHIC.html

1 comment:
Thanks for all the great information, Sarah. The Times graphic was very cool but as a homeowner in the San Francisco bay area, the data was a little depressing (but not surprising). Happy to hear you were not hurt in the car accident. We hope to visit beautiful BI again in January.
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