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US Single Family House Prices 1970-2010

Posted on 26 March 2010 | Leave a comment

Yes, this is a US chart. Prices are headed for the green support line (1985 prices), and will very likely overshoot to the downside. To not take into account the possibility of the Vancouver RE market doing pretty much the same thing when the bubble bursts here, is to not heed our own Central Bank’s advice to be ‘prudent’ regarding financial considerations. -vreaa

– from chartoftheday.com, thanks to Don.

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This entry was posted in 08. Overextended Buyers, 14. Social Effects of the Boom and tagged British Columbia, Bubble, Canada, Fundamentals, Housing, Interest Rates, Prediction, Real Estate. Bookmark the permalink.

← Vancouver Economy – “Fast forward to March 2010, I have found amazing deals and very motivated sellers. I think the economy has finally caught up to Vancouverites’ free-spending ways.”

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