The Housing Market Roller Coaster Ride

Housing starts down. New home sales indexes down. Stock market plunges and bad credit mortgage woes up. Foreclosures rising. Forecasters projecting gloom and doom… or just a return to normalcy.

What a roller coaster ride the U.S. housing market has been.

That much we’ve discussed at length for months. But speculativebubble.com has taken it to a new level, depicting the housing market as an actual amusement park ride - its climbs and drops adjusted for inflation and depicted in the video below…

If you can make it until the end, when the ride hits the late 1990s, you’ll see just how meteoric the recent housing boom has been. Powered by mortgage rates at historic lows, speculators purchased more homes than any previous point in American history.

What’s to come as home loan demand wanes, as it is expected to in the next few years? A precipitous decline? A period of little movement? Only time will tell.