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View Full Version : NYT updated Case/Shiller chart, etc.



zoog
10-02-07, 12:54 PM
Recently the New York Times published an updated version of the Case-Shiller chart from Irrational Exuberance. This time they only went back to 1987 though, but it does illustrate the downturn.

http://img253.imageshack.us/img253/4562/nytshillergraphsept07db0.jpg (http://imageshack.us)
link (http://www.nytimes.com/imagepages/2007/09/23/weekinreview/20070923_BAJAJ_GRAPHIC.html)

On SeekingAlpha, there's an article from the guys at Bespoke Investment Group with charts projecting prices out to 2011 in a few major cities, using the futures contracts based on Case-Shiller indices.

Personally I think their numbers are "optimistic", with the worst decline being Miami at -28%. Of course, it is the futures traders who are apparently being cautious in their expectations of price drops.

link (http://seekingalpha.com/article/48276-think-housing-s-bad-you-ain-t-seen-nothing-yet)