One of the better interactive infographics I’ve seen visualizing what happens to overpriced assets — U.S. real estate — when the Feds takes away the incentives to buy.
click to enlarge chart
I would suggest tinkering with the graphic, not only because it’s cool, but if you live in, live around, or plan on making a real estate investment in one of these cities. Just beware, the Case Shiller Index isn’t a perfect model. For example it omits condos, flips less than one year, and a few other important variables, so the actual numbers on the ground are probably a little worse than Case Shiller reflects here depending upon the type of real estate you’re interested in.
Alternatively, send it to all those people who stubbornly refuse to admit that real estate is by in large a deflating sector of the U.S. economy and will likely take years — if not decades — to right the ship.
Image Source & Credit
New York Times
David Streitfeld
U.S. Home Prices Slump Again, Hitting New Lows