Chart of the day: OFHEO House Price Index

By Edward Harrison On May 28, 2008

Although I prefer the S&P/Case-Shiller House Price Index to look at U.S. house prices (see residential property posts), the OFHEO index has more data, going back to 1975 (instead of 1987 as the 10-city Case-Shiller does). Ultimately, they both tell the same story: accelerating declines in house prices in the US. From a real (inflation-adjusted) perspective, housing price losses in this recession haven’t even equaled the losses in the double dip recessions of 1980-1982 or in the recession of 1990-1991. This does suggest we have a long way to go before we hit bottom as the house price increase has been much greater.

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

Chart of the day: Home Prices versus Inflation

Case-Shiller shows home price plunge

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