Sunday, November 23, 2008

Comparing Housing Busts

In the last housing boom and bust house prices peaked ato 62,782 in the third quarter of 1989, they then dropped to 50,128 in Q3 of 1993. That was a fall of 12,654 or 20.2%. Prices then took another 2 years before starting to increase.However, in the early 1990s, the inflation rate was much higher. [...]

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[Source: Finance Blog]

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