Tuesday, June 19, 2007

Shiller Should Be Award the Nobel Prize

Couldn't resist, but I stopped in at the local library (which actually has internet access!) and saw these charts sent to me by Dav e.

This is the expected decrease in prices for major cities by the Case/Shiller model (though I respectfully disagree and think prices should drop more);


This is historical price changes in some sample cities (the link above has them all)

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