Asheville Mountain Real Estate Blog

Asheville, NC real estate for sale. Information for buyers, sellers and mountain homeowners, without pressure. Rich content for those who are far away about what it is like to live here through the generous use of media. And some nostalgia with our, "Baby Boomers' Fun Stuff", Thanks for stopping by.

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Location: Mars Hill, NC, United States

A small, highly personalized real estate firm specializing in mountain homes and land in greater Asheville.

Tuesday, October 21, 2008

Graphically Speaking

Not much narrative analysis today, just some snapshots, and a closing touch of humor.

Graph of a Bubble
The graph below shows US housing prices from 1890-2006. Bear in mind that the last boom in prices occurred while production and inventories also moved upwards. That's the illogic of a bubble.

Click here for the large view.

Response by Producers
The only logical response by the nation's builders is pictured below, but inventories have not yet declined in terms of months' supply. (Chart Source).

Click here for the large view.

Response by Consumers
If production cuts will not reduce inventories, then the question of prices becomes pertinent. We all know that sales are down drastically. The graph below is but one indicator, it shows the frequency of internet searches for the phrase "real estate for sale". In our view, internet searches will foreshadow any bottom in the housing markets.

Click here for a larger view.
Some Good News
Crude oil prices, but the response by producers is predictable. (Chart Source)

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Department of Pretty Funny
Have no idea if this is real or not, but it brought a chuckle at the height of the NYSE frenzy.

Filed Under: News and Such

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