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    1
    Oct
    2010
    12:14pm, EDT

    Good Graph Friday: Housing prices in the "recovery"

    Housing pricesWe've gotten used to hearing that the Great Recession was the worst economic downturn since the Great Depression, and we've all had a pretty good hunch that the recovery hasn't exactly been fantastic, either.

    Now, here's more proof. The Council on Foreign Relations recently compared the current economic recovery - which officially began in June 2009 - to other economic recoveries since World War II. They found that this one has been the weakest on a number of measures, including real gross domestic product, employment and housing.

    Want proof? The blue line in this chart shows average housing prices in other postwar recoveries. This "recovery," which shows housing prices continuing to fall, is in red.

    "This continued fall in nominal home prices is easily the worst in postwar experience," the report says.

    Related coverage

    So this is what a recovery looks like?

    Comment

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