A blog dedicated to tracking the continuing decline of housing markets throughout the USA. It is a long slow decline. But, decline it will. The speculative episode was simply unsustainable. With special attention to the Washington, DC area. Please join in the discussion.
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Flashback 2005: Little evidence of a housing bubble
Posted on October 10, 2008
I missed the anniversary of this one. I apologize.From September 25, 2005, the geniuses at two Ivy League business schools said there was little evidence of a housing bubble:Most cities in the United States showed little evidence of a housing bubble as of the end of 2004, according to a new study conducted by Columbia Business School and the Wharton School of Business at the University of Pennsylvania, which looked at 46 single-family housing markets from 1980 to 2004.The researchers found that recent growth rates of home prices do not reflect a bubble and were largely explained by basic econo...
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