What a chart! Tom Skahen recently shot me this provocative graphic in hopes of raising the alarm over what could be yet another real estate bubble.
Skahen, partner at Littleton-based PrimeTime Communities, points to the recent tear in Bay State home and condo prices and sees big trouble ahead.
Interesting stats for sure, though I am not sure I am buying the bubble argument. Skahen uses relatively high June price numbers - a high point annually in the real estate market - to make his point.
But the comparison is with full-year numbers for 2008. That's not quite an apples-to-apples comparison. Full-year price numbers are always lower, and as we know now, the world economy came close to collapse in the fall of 2008.
Still, an interesting take for sure.
The author is solely responsible for the content.