1997 Archive Volume
1997 opened with the US 10‑City Composite Property Index at 78.99, launching a 30‑month climb that would later reach 96.38, a gain of 22.0%. During this period volatility was minimal – Boston experienced a maximum drawdown of just 0.2% and its largest monthly price swing was 1.9%, while New York and Atlanta saw 0.0% drawdown and moves of 1.7% and 1.0% respectively. The calm market exposed a subtle complacency risk, showing that decision‑makers can be tested more by the absence of obvious crises than by dramatic price swings. The episode underscores the importance of maintaining disciplined processes even when the environment appears risk‑free.
3 files in this volume
The year in numbers
- 72
- Replayable scenarios
This year's files
- 011997–2004: Canada and Norway Property Booms — The Long Climb and the Decision Points It Demanded
Two national housing markets climbed steadily through the late 1990s and early 2000s, rewarding holders who resisted overtrading. Canada rose 50.1%, Norway 63.7%.
Read the file → - 021997: MidCap Boom, Asian Contagion — Diverging Fate in One Calendar Year
US mid-caps surged 25% in calm waters while Jakarta and Seoul bled 40%. How the same year produced Bull and Crisis Replays across four markets.
Read the file → - 031997-03 to 1999-08: The Quiet US Property Boom — A Thirty-Month Lesson in Complacency Risk
Ten US cities, thirty monthly bars, and nearly zero drawdown — how a steady property climb tests decision-makers who face no obvious crisis to react to.
Read the file →