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:

http://housingpanic.blogspot.com/

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.

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