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Sep 24 / Jonathan

Existing home sales 2005-present

This chart is not seasonally adjusted, so it’s hard (impossible) to see month-to-month trends. But the annual trend is certainly dramatic. The crash starts in April 2006 and never looks back.

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Calculated Risk via Barry Ritholtz

Update: here’s a companion graph (on a much longer time scale) of real housing prices from Matthew Yglesias. Not surprisingly, the price crash starts just about when the volume starts to drop.

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