Wednesday, January 26, 2011

Charting 2010

The Calculated Risk Blog published a post using a number of charts to show & tell the economy’s story of 2010.

Keeping in mind these are from a national view, and that Arizona’s numbers will be different, I still thought a few of them were worth sharing, especially since they tell a story of being through the worst of things…

Existing Homes – Months of Supply

Take a look at the blue line in this chart.  Inventory (nationally) has been above 7 months (the balanced market number) since mid-2006, but it looks like the number might have peaked.

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Mortgage Delinquencies and Foreclosures

We’re still in record territory, but it looks like we might have peaked.  We’ll have to stay tuned to this one over the next couple of quarters.

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Percent Job Losses

I’ve shared this graph before, but I still can’t get over how much worse this recession is than anything we’ve experienced since World War II.  That being said, it looks like we’re heading in the right direction.

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Obviously things aren’t going to get back to “normal” overnight, but I like seeing the big picture heading in the right direction.  I’ll work on some similar charts specific to Arizona to see how things compare locally.

Your hoping the glass is half full Realtor,

Chris Butterworth