Housing Giants - June 10, 2008 - (Page 13)

fundamentals, and — no surprise — several major markets are performing at their worst levels in the last 27 years. The market fundamentals in the Dallas and Fort Worth, Texas areas each receive a grade of C due to their solid levels of demand and good affordability, despite heavy levels of supply. On the other end of the spectrum, abysmal demand and supply issues plague the F markets such as Riverside/San Bernardino and Chicago. We would also consider Miami, Fort Myers, Fla., Minneapolis and New York (a market yet to see a correction in price) to be among the group with unhealthy www.Housinggiants.com fundamentals. Housing is cyclical and market fundamentals fluctuate over time. Because markets do not necessarily cycle together, an average across all metros is not particularly telling, but we have come across some overarching themes. As shown in the graph on the next page, the average market fundamentals were worst in the early 1980s, mostly due to poor affordability as the result of very high interest rates, and best in the late 1990s, as demand and affordability fundamentals peaked together. 6.10.08.Housing giants 13 http://www.realestateconsulting.com http://www.housinggiants.com

Table of Contents Feed for the Digital Edition of Housing Giants - June 10, 2008

Housing Giants - June 10, 2008 Contents Viewpoint News & Moves Market CEO of the Year

Housing Giants - June 10, 2008

For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.