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[Solid Masonry] Is The Projection Of The Ascent Any Indication Of The Rate Of The Fall?

John Philip Mason is a residential appraiser with 20 years experience and covers the Hudson Valley region of New York. He’s a good friend and a true professional who wants to understand the correlation between rate of ascent and rate of fall. This week, he gives new meaning to the phrase “rocket scientist” in Solid Masonry. …Jonathan Miller


The Harvard University’s Joint Center for Housing Studies recently released its annual State of the Nation’s Housing Report [pdf] [1]. For those not wanting to read all 44 pages you can check out their summary Fact Sheet [pdf] [2]. That being said, I must confess the full report was compelling reading and I found myself delving into one section after another, as though it were revealing itself with all the intrigue of a good mystery novel. Okay, now I’ve completely embarrassed the geeky side of myself.

While the study had a mixed take on the national real estate picture, there were some items from the Fact Sheet that gave me reason to take a less balanced view:

I also found some additional facts and conclusions from the full report, which gave me an unsettling feeling:

So is the real estate market like a model rocket thrust into space? That is, if you point it so it climbs higher and faster, is the projection of the ascent any indication of the rate of the fall?