king county historical housing price chart

[mking]

[sniglet]

Keep in mind that historical data doesn't give a complete picture as to how disastrous our current real-estate downturn will become. Never before have lending standards become as loose as they have in the last 8 or 9 years, with a proliferation of negative amortization, interest only, and other "exotic" loans. The degree of scrutiny given to even prime loans is at an unprecedented low.

Thus, since the foundation for today's real-estate market is FAR weaker than ever, it's unravelling is bound to be far more severe than past experiences would indicate.

[The Tim]

mking,

I assume you're referring to . Note that the chart shows King County SFH prices adjusted for inflation using the .

Also note that the factors used to calculate the officially-reported CPI has been significantly monkeyed-with through the years. For an alternate take on CPI, check out . If I were using their CPI data, the data from 1990 to the present would be less extreme.

[Alan]

Have her read this article for a long term historical perspective:


And have her read this article for the downside:

[mking]

thanks!!!

that peak in 1990 followed by the drop and flat spot through 1996-

that was me!

i bought at the peak and sold in the flat. no pink ponies for me!

[george]

[The Tim]