Tuesday, May 26, 2009

Has long term house price growth returned to normalcy?

Case-Shiller released their most recent indexes this morning. I used the data to graph annualized house price growth between 1989-2009 (I only use 1989 as the start date because this is the start date for the data series for some cities).

Nationally, house price growth has been about 3 percent per year. LA and San Francisco are also at about 3 percent. Phoenix and Las Vegas have (obviously) come back down to earth. Portland is obviously a high-flier, but it had a dramatic regime shift in land use planning.


Unknown said...

Indeed, Portland's Urban Growth Boundary has probably been the biggest contributor to our relatively subtle housing market dip. Already things are on the up, with our agents witnessing multiple offers and above-asking price bids in the 250-450k range.


Raj said...

It's nice that you put it as a graph.
Boise real estate

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