National home prices still 15% too high

Posted on November 18, 2009 by Patrick Butterfield

Here is a chart from Jesse, showing the history of US Home Prices both in nominal and inflation-adjusted figures. The trend lines meet at about $150,000…or about 15% below today’s levels.

united states National home prices still 15% too high

About Patrick Butterfield

He's no fan of Realtors. As a group, that is. Or politicans. Or most economists. Himself, he's a sagittarius, a free-thinker, and a libertarian. He's built a comfortable lifestyle through success with varius investments. He is worried for this Country: the effects of a 30 years or so of living beyond our means are starting to be felt. Attitudes towards debt and spending are changing, perhaps for a generation. Large, structural changes will take place as our economic infrastructure adapts to this new normal. The time is now to be present and to be involved.
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