|For some perspective into the all-important US real estate market, today's chart illustrates the US median price of a single-family home over the past 40 years. Not only did housing prices increase at a rapid rate from 1991 to 2005, the rate at which housing prices increased -- increased. That brings us to today's chart which illustrates how housing prices have dropped 35% from the 2005 peak. In fact, a home buyer who bought the median priced single-family home at the 1979 peak has actually seen that home lose value (4.3% loss). Not an impressive performance considering that over three decades have passed. It is worth noting that the median priced home has moved back to the top of a trading range that existed from the late 1970s into the mid-1990s.Notes:
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Quote of the Day"No problem can be solved until it is reduced to some simple form. The changing of a vague difficulty into a specific, concrete form is a very essential element in thinking." - J.P. Morgan
Events of the DayMarch 29, 2010 - Passover (1st day)
April 01, 2010 - April Fool's Day
April 02, 2010 - Good Friday
April 04, 2010 - Easter
April 05, 2010 - NCAA men's basketball championship
April 06, 2010 - Masters golf tournament begins (ends April 12th) - NCAA women's basketball championship
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