Case-shiller house price crash.

How Has Your City Recovered From The House Price Crash?

A blog about business and economics.
Sept. 25 2013 7:47 AM

How Has Your City Recovered From The House Price Crash?  


Bill McBride made a great summary graphic showing how house prices in each Case-Shiller city have fared over the past 13 years. Everything is scaled relative to the price in January 2000. The red line shows how much higher than that prices went at the peak, the blue line shows how much lower they got during the trough, and the orange line is where we are today.

It's worth noting that whatever you want to call this phenomenon of swinging prices, it works in both directions. It's fashionable to worry about bubbles these days, but you equally well see evidence of anti-bubbles and strong bounce-back.


Correction: An earlier version of this post featured some remarks about D.C.-area house prices that were based on misreading the chart. Today's prices in the Washington area are 97 percent higher (in nominal terms) than they were in 2000, not 97 percent of the 2000 level, as I originally thought.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

  Slate Plus
June 30 2015 5:26 PM Slate Voice: “Bitch, I’ll Tell You Why This Sentence Construction Is So Effective” Listen to Katy Waldman read about the perfect sentence construction—and what makes it it’s so powerful.