re: Why do the talking heads keep mentioning the 150% run up in the last 4 years

The Great One has spoken again this morning...



It turns out that the preliminary numbers for June reported last month were actually legit.

Additionally, high prices were maintained into July, even as sales volume seems to have spiked.

I sure hope all those cash investors figure out what they're gonna do with all those purchased homes. It looks awfully bubbly out there.

NAR Existing Home Data
(Date = Price, Annualized Volume in Millions, Estimated Inventory)
2008-AVG = $198,100, 4.11, 10.4
2009-AVG = $172,500, 4.34, 8.8
2010-AVG = $172,900, 4.19, 9.4
2011-AVG = $166,100, 4.26, 8.3
2012-AVG = $176,800, 4.66, 5.9
June 2013 = $214,200, 5.08, 5.2 (preliminary numbers)
June 2013 = $214,000, 5.06, 5.1 (revised)
July 2013 = $213,500, 5.39, 5.1 (preliminary numbers)