How Does This Year Compare To Others?

Note what happened to real estate when the government decided that banks should lend to anyone and everyone....

This chart stops mid-2009, and we’ve recovered more since then, but it’s useful to see what happened to real estate sales when the government decided (in 1977 and, more forcefully,  in 1995) to force banks to lend to anyone and everyone….

GREENWICH SALES YEAR-TO-YEAR (single-family houses and condos)

2006:  813

2007:  814

2008:  521

2009:  425

2010:  641

2011:  654

2012: 648 (so far)

1 thought on “How Does This Year Compare To Others?

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