Menzie Chinn on House Prices
Via econbrowser.com
The future data points are not market forecasts, exactly--they are supply-demand equilibrium trading prices for those agents who are in the CS 10 futures market who are almost surely not risk-neutral rational forecasters. And there are all the old worries about the role played by foreclosure prices in the CS indexes.
But it remains a very nice graph.
Posted via web from http://braddelong.posterous.com/menzie-chinn-on-house-prices at Brad DeLong's Scrapbook.
