An Interesting Report

The Federal Housing Finance Agency has published an interesting report on previous downturns in housing and it shows some rather interesting cyclical data.

There are four charts of interest.

1. The overall housing price levels. This clearly shows the bubble and it should have been clear to all.


















2. Midland Texas and its collapse. This was two decades ago. It still has not recovered.




















3. The West Coast Collapse at Merced, California. This is the most recent of the problems and may follow Midland.



















4. The Cyclical New England Market. This shows the cycles in these types of markets akin to the business cycle.