New home sales in image form
The dismal science is detail-laden, so it's easy to glaze over at talk of federal reserve policy and forget the impact it has on your life. That's why I'm a big fan of the graphical representation. Unsure of what a few percentage points one way or the other means? Me, too. Pictures! I want pictures!
Hence the effect of this graph of new home sales nationwide. If the economy were that Cliffhanger game from The Price is Right, our little Bavarian climber would be tumbling down those little red lines, bonking his head on each red step.
We knew the housing market was bad. The image shows how bad. This is in concordance with local data, too, as hundreds of new homes are selling for tens of thousands less than the initial list price.
(Expanded image of the graph is here.)
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you’ll never miss City Pages' biggest stories.
- Homeless youth Don Turner chases down thief in downtown Minneapolis
- Protest participation costs Black Lives Matter's Adja Gildersleve an apartment
- Al Franken wants to make college textbooks free