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Chart of the Day
Recent press reports suggest that the US real estate market is slowing. For some perspective, today's chart illustrates the US median price of a single-family home over the past 35 years. Thanks, in part, to low long-term interest rates, the trend over the past decade has been impressive. Not only have housing prices been increasing at a rapid rate, the rate at which housing prices have been increasing has been increasing. So while the recent softness in the real estate market has resulted in a lower median price for a single-family home, the real estate market as a whole has not yet broken below trend. Stay tuned...
Notes:
- What are our latest indicators and studies saying about future real estate and stock market trends? Find out now with the exclusive & highly regarded charts of Chart of the Day Plus.
Source - National Association of Realtors
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Quote of the Day
"In any bear market, you have pockets that go against the market. I've made quite a bit of money in bear markets, in special areas." - George Soros
Events of the Day
April 01, 2006 - April Fool's Day
April 02, 2006 - Daylight Saving Time begins (US)
April 03, 2006 - NCAA men's basketball championship - Masters golf tournament begins (ends April 9th)
April 04, 2006 - NCAA women's basketball championship
April 12, 2006 - Passover (1st day)
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