mrresponsible

S&P/Case-Shiller Housing Numbers

I am wondering how "peak" was determined. Denver, for example, did not ever appreciate as much as most other cities, in fact it began its decline (inflation adjusted) starting in early 2000's. Denver's peak was probably much earlier than other cities. So, Denver's decline could be equivalent to other cities if the time line was stretched out.

The fact remains that there is a glut of housing. And it is not out of love for one another that people are moving in together! In addition, housing replacements costs are going down and home ownership costs are increasing - increases of property taxes and fees do affect the affortability. All this hope could be just "dribble" but I sincerely hope it isn't.