U.S. home prices 1970 – 2009

January 14, 2010Jon Brooks 1 Comment »

In case you missed it in our last post, it’s worth breaking out this chart of U.S. home prices since 1970, provided by the blog Bubble Meter.

housingbubblegraph

When you look at it now, it’s hard not to think “Of course there was a bubble!” (Just like when you look at my favorite long-term chart: The S&P 500 since 1950.)

But I guess that is in the very nature of bubbles — you don’t know that you’re in one until it’s popped (unless you’re one of these people).