A Look at Real Estate

Here’s a graph showing private residential investment as a percentage of GDP. It’s a good gauge of how well the real estate market is doing.
The number averages about 4.7%, with a standard deviation of about 0.7%. Last year, it got up to 6.3% which was the highest level in over 50 years.
Since then, it’s started to plunge. And as you can see, historically, the downtrends are pretty severe.

Posted by Eddy Elfenbein on January 9th, 2007 at 10:26 am

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