banking: What the FDIC had to say about booms and busts back in 2005 - 04/21/09 06:37 AM
Busts don't follow booms: FDIC
February 17, 2005
Though we keep hearing that recent home price appreciation is "unsustainable" and will lead to a substantial "correction" - that is, that the home price boom may be followed by a home price bust - the Federal Deposit Insurance Corporation (FDIC) did something radical: It took a look at the data. History suggests that a boom alone is insufficient to cause a bust.
The FDIC considered 21 instances in the last quarter century of markets in which home prices fell at least 15 percent in five years. (PDF graph available here.) Few … (1 comments)

 
Scott Kinnaird (a la mode)

Scott Kinnaird

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