Datapoint: Aftermath of Credit/Housing Bubble

Click to enlarge

Source: J.P. Morgan


I am off to present to a room full of advisers this AM, but before I leave to tell them precisely where the Dow, Nasdaq and S&P will be in 12 months (to the 2nd decimal place!), I wanted to show the above housing charts.

The three charts show that prices are off the lows (IMO courtesy of ZIRP/QE), Renting remains pricey versus owning, while Inventory is very low.

Back soon . . .


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