Check Out Floyd Norris’ Blog
in The New York Times!
In a column today titled, “Accelerating Falls,” Floyd Norris, The New York Times business columnist, made a rare mistake in his analysis of the latest S&P/Case-Shiller housing numbers.
Specifically, he reported that, according to Case-Shiller, the Minneapolis market peaked in 2003. I emailed him to tell him that the actual peak here was much later, and questioned whether the market peaks for other cities were wrong, too.
He revisited his data, caught the mistake, and posted a correction very graciously acknowledging me and this blog.
Here’s the link:
The gist of his post, which like everything Mr. Norris writes is excellent, is that prices in most markets nationally have rolled back to where they were several years ago.