Nice chart. I hadn't realized how flat to declining housing prices were through the 1990s. I bought in 1988 and knew that there was a decline in the recession of the early 90's, but since there was so much new construction growth in my area after that, I didn't pick up the lack of price growth.
That chart doesn't necessarily imply flat-to-declining house prices during the 1990s, does it? Just that they were not increasing at any rate higher than that of rents.
True, but I went to the
web site and saw that adjusted for inflation house prices were flat in the 90s.
