John Preston

Housing Bubble: Two-Thirds of the Way Back to 2000

actually, if you review the HPI from OFHEO, housing prices since the early 1960's have out paced inflation by around 50%....

ave inflation = +/-4.25%...

ave housing appreciation - +/- 6.25%

BTW...the market dynamics were screwed up...beginning the mid-1990's...and continuing up to today....there is no real housing market because the credit guidelines keep changing....for a true market to exist, there needs to be stable credit parameters....there was a credit manipulation on the way up...for 15 years....and there is a credit manipulation today....on the way down..

This is not a market...