Wednesday, August 29, 2007
Over-valued real estate #24 -Phoenix
This chart is by special request from Keith B, who runs a great blog called "Housing Panic: there goes the neighborhood". It can be found:
Sadly, Keith this chart is one of the ugliest I have come across. Price acceleration seems to have started in 1999, but something happened in 2003 and priced increased almost vertically. Prices are currently 81 percent above trend.
Posted by Best at 9:41 AM