Current real estate cycle in chart vs. actual historical data

[Terry Lao]

Below are two charts, a general real estate cycle chart (from eric fernwood), which a normal real estate cycle goes through. The other is Case Shiller index top 20 largest metros (home appreciation) for past 30 years of historical actuals.

Notice anything?

Terry

[Antoine Martel]

Very interesting. But I wonder if these 20 largest metros don't really go through all of these cycles.

For example, in SF during 2008 the prices of homes did not even drop. They actually stayed the same.