The “New York Fed” has this great series of maps showing the housing surge, decline and THEN surging redeux. Interesting aside is the map for 2011 which shows strengthening home values only to have them disappear by 2012. June 2013 resembles CLOSELY the height of the market. Here we go again? Tune in to the Real Estate Hour and find out the real information behind these maps!
What a Big SWING–from -20% to +20% all in 5 years. Yes–one heckuva roller coaster ride. Are we done? Will we keep on accelerating our ascent? Remember, the fuel of the last boom/bust market was “DUMB” money where if you could fog a mirror–“Boy, have we got a loan for you!”. That has been replaced with a full PHYSCIAL checkup (Financially speaking) to get anywhere NEAR a loan approval. “Pendulum swings like a pendulum do”