The Housing Roller Coaster

Posted by: Chris Palmeri on April 6, 2007

TV shows have been created, books written, endless columns of newspaper and magazine articles devoted to the housing bubble. Now, it’s Youtube’s turn.
engine.jpg
I may be late in viewing this, a video depiction of housing prices since 1890 brought to life by a click-clacking roller coaster. I can’t vouch for the data, although Professor Robert Shiller’s latest edition of “Irrational Exuberance” is credited. It certainly seems like the past few years chug along agonizingly slowly compared to some of the earlier decades, but that could just be because our little engine is huffing and puffing to get to the…top?

Here’s the link:
http://www.youtube.com/watch?v=kUldGc06S3U

Special thanks to Nancy Sarnoff, real estate reporter at the Houston Chronicle, for the tip.

 

About

BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

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