[lbo-talk] more on house prices

[Doug Henwood]

Here are the average annual growth rates in Shiller's house price  
index for certain time periods:

             nominal    real
1890–2007    3.76%    0.63%
1890–1920    1.73%   -1.37%
1920–1950    2.25%    1.58%
1950–1980    4.42%    0.34%
1950–2007    4.98%    1.09%
1890–1980    2.80%    0.18%
1980–2007    5.60%    1.92%
1980–1997    3.89%   -0.39%
1997–2007    8.56%    5.98%

The last 10 years really stick out, eh?

And, Jordan, here are the period averages for the NAR median you  
cited, adjusted for inflation:

1968–95     0.99%
1995–2005   3.89%

There's that 1% long-term trend followed by a really anomalous period  
again.

Doug