August 28, 2007
Keeping Up With The Penningtons
NP: WBBM 780
Kevin Drum talks about the drop in median house prices, and says "I still haven't heard any compelling reason why the housing market should have changed drastically and permanently starting in 1996."
I don't know about 1996, but his graph starts to outpace the trendline in 2000, which is the year Trading Spaces debuted, and then really gets cooking in 2003, when Extreme Makeover: Home Edition took off.
That may sound flippant, but it's not. I think a lot of these home improvement shows started giving more and more people a taste for luxury appointments in their houses, and that demand very well might be part of the price increase.
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