This is a graph of the Housing Price Index from the Office of Federal Housing Enterprise Oversight which shows the Housing Price Index on a quarterly basis since 1975. It is hard to see from the chart but this index had only dropped nine times during this time frame:
1975-3rd quarter
1982-3rd quarter
1990-2nd quarter
1990-4th quarter
1991-3rd quarter
1992-2nd quarter
1993-1st quarter
1994-4th quarter
2007-3rd quarter
The latest drop for the third quarter of 2007 is the first quarterly drop in 52 quarters.
By Fred Fuld at Stockerblog.com
No comments:
Post a Comment