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House Prices and the Unemployment Rate, Washington D.C.

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Yesterday I posted a comparison of house prices and the unemployment rate on a national (U.S.) basis. I'm working on a series of graphs for individual cities. Each graph takes some work and a few assumptions (I will outline the assumptions for each city). Notes: House prices are from Case-Shiller (back to 1987) and Freddie Mac's Purchase index (back to 1975). The Case-Shiller index was set equal to the Freddie Mac index in Q1 1987, and then both indexes adjusted by CPI less shelter for North Urban cities. The red unemployment rate is for Wash, D.C. (as statewide) and only goes back to 1976. Update: the orange is for D.C. MSA Click on image for larger graph in new window. Washington D.C. participated in the late '80s housing bubble, and only somewhat in the late '70s bubble. ...

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