Chart of the Day: One last view of how the stimulus (and it’s subtraction) changed the real estate market

June 24, 2010

by Mike Simonsen

1 comment

I post entirely too many charts about Silicon Valley, but the data just blows me away sometimes. So here’s one last. I don’t think I’ve shared this one before.

Home price reductions in San Jose, CA 2008-2010

Percent of homes with price reductions, San Jose, CA July 2008 - June 2010. 90-day rolling average. Single family homes

When the stimulus kicked in, the low end of the market (blue line) improved dramatically. This spring shows already cooling across the board.

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