Housing Bubble View (1995 Baseline) of Case-Shiller Home Price Index

A paper by Ferreira and Gyourko (2011) shows that, according to their criteria, some real estate booms started in 1997-1999 and grew slowly for a while before going crazy. Cities that boomed later, tended to go crazy right away.

I wanted to be able to see the beginnings of the booms better so I moved the starting point in this version of the Case-Shiller graph up to 1995 from 2000 in the normal version.

In this version, it’s easier to see when the booms begin in each city.

The authors of that study consider a jump in home prices as the beginning of a housing boom. That is, if prices have been increasing at around 3% a year for a few years and then prices jump 6% in one year, they would consider that jump in prices the potential beginning of a boom.

Tips

1. Pick the cities you want. Click “Apply.”
2. You can see prices back to the late 1980s (for most cities) by adjusting the slider below each chart.


Bubble View – Case-Shiller Home Price Index (1995 = 100)

Dallas: Sorry but Case-Shiller doesn’t have prices for Dallas before 2000 so I can’t shift the index base to 1995 which means I have no data for Dallas.

Original Version (2000=100)


Inflation-Adjusted Bubble View – Case-Shiller Home Price Index (1995 = 100)

Note: I applied the Consumer Price Index for All Urban Consumers (CPI-U) to the Case-Shiller Home Price Index to calculate this Inflation-Adjusted Case-Shiller Home Price Index.
Original Inflation-Adjusted Version (2000=100)

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