URE - Housing: Part 343 - New Homes And Vacancies During The Boom And Bust
There may be a similar post to this one back in the previous 342 housing posts, but something I happened upon today reminded me of it. Price trends among sold homes, vacant homes for sale, and existing homes give a clue about what happened during the turn in housing.
I haven't shown it here, but the median existing home price didn't rise as much in 2004-2005 as the mean home price. That is because expensive cities were getting more expensive, so the distribution of prices was becoming more skewed. The rise of prices in the