Housing Freefall Continues Unabated

You can find some more good charts and commentary on Housing from Barry Ritholtz over at The Big Picture.

Here's the first chart. You won't be surprised to learn that I like the long time sweep. However, this also looks like a case where having a second, shorter term chart - maybe for the past 3 years would help us better understand the more recent behavior


In contrast, the second chart shows just the 3+ year view and presents that very well. Having a 20 year year to match the first one would have been even better.

The whole article is worth a read for the extra perspective it brings.