Step back

Now that the financial crisis is rippling into the real economy, let us take a step back and look at what's going on in the real estate market where it all started.


EXISTING HOME SALES: running at a rate of 4,91 million units sold per annum, 32% lower than at its peak.




NEW HOME SALES: running at a rate of 460 thousand units sold per annum, 68% lower than at its peak.





SHILLER CASE PRICE INDEX (top 20 US cities): -16% Year over Year