Yesterday, the CalculatedRisk blog posted a chart showing the long-term housing prices for both the Case-Shiller and CoreLogic indices. Here is the chart:
![CR NominalHousePricesMar2011 5-31-11](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_svMgEBrivfSZtBhnMar9Q7F_FDAa5ZUSLiFiSEGcvGr8bDh8yZe9zI9qrgAw5ytoNfeHRiJ6tZLxowLksns0sDDNry6u8aRkqwuazjx2OFUrxfbxo6ujlT3aY6Nuff33UPV_z1VsKIQYROhTnWqjGtFKAHXA3AXgDLBNUK6XpImHESaMi1PCNi1EX7n5L3jZJK=s0-d)
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Given the continual decline in residential real estate prices, I have found an April 12 report from Pew Research Center, titled "Home Sweet Home. Still." (pdf) to be interesting.
The report contains a variety of statistics on the attitudes of respondents concerning home ownership from a financial perspective.
One of the main findings of the research, as seen in the overview:
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1345.10 as this post is written
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Given the continual decline in residential real estate prices, I have found an April 12 report from Pew Research Center, titled "Home Sweet Home. Still." (pdf) to be interesting.
The report contains a variety of statistics on the attitudes of respondents concerning home ownership from a financial perspective.
One of the main findings of the research, as seen in the overview:
As well, later in the report there are a variety of survey results concerning respondents' attitudes toward the overall economy and their own financial conditions. One statistic that I found notable is the following, found on page 12:The five-year swoon in home prices has done little to shake the confidence of the American public in the investment value of homeownership. Fully eight-in-ten (81%) adults agree that buying a home is the best long-term investment a person can make, according a nationwide Pew Research Center survey of 2,142 adults conducted from March 15 to March 29, 2011.
_____Overall, the public remains skeptical about the pace of the economic recovery. Only one-infive (21%) say the economy is recovering, and an additional 29% say the economy is not recovering yet but will soon. Nearly half (47%) say it will be a long time before the economy recovers.
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1345.10 as this post is written
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