On June 24th, Brick Oven declared a qualified housing bottom, based on Price Schiller’s April data.
Were we right?
Prices Up Since
Boston (1%)
Denver (2%)
Cleveland (<1%)
Dallas (1%)
Prices Down <5% Since
Atlanta (-1%)
Chicago (-2%)
Tampa (-4%)
Detroit (-4%)
Charlotte (-1%)
New York (-2%)
Portland (-3%)
Seattle (-4%)
Prices Down >5% Since
Phoenix (-15%)
Los Angeles (-10%)
San Diego (-10%)
San Francisco (-13%)
Washington DC (-6%)
Miami (-12%)
Las Vegas (-13%)
The Federal Reserve map appearing above indicates that there never was a significant housing bubble in lots of places. Our declaration appears to be fairly accurate in the majority of the American landmass. The Balkanization continues in high immigration areas.
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