Thursday, October 25, 2007
I logged out of WSJ Online and it still worked for me, so it should work for you. It shows deliquencies and median house prices by quarter from 1Q2005 to 2Q2007. Seattle, Portland and Salt Lake City are over their 4Q2005 medians, although the WSJ considers that the peak of the bubble. The New York-Wayne-White Plains MSA is nearly the same, but there's a lot of structure. Manhattan is being propped up by desperate hedge fund managers, enough to change the average for the MSA as a whole. That's not going to last.