President Trump sent out a tweet on June 20th, 2012 advising people to purchase real estate “before values have fully recovered. In 5 years, remember I told you so”. One look at the house pricing index over the years will blow your mind!
Philip Bump, National Correspondent for WaPo reported:
Trump wanted us to check the housing market in five years? Okay. Let’s.
Using the Federal Reserve’s endlessly useful data tool, we pulled data on housing prices from 2004 to 2017. (Why 2004? To show the pre-recession gains.)
Trump’s tweet about buying housing happened in the second quarter. Below is a chart of all transactions house price index for the U.S. As you can see, Trump predicted the bottom of market nearly to the minute:
Even WaPo, who has relentlessly attacked President Trump was impressed by his prediction.
Credit where it’s due: He nailed this one. (Five years ago to the minute.) pic.twitter.com/P7p7UMlq0p
— Philip Bump (@pbump) June 20, 2017