NO Historical Archive
Archive files covering NO: every file tells what happened and why it mattered, paired with playable scenarios built from authentic market data.
31 files
2012 · Property · BG
October 2012: Seven National Property Markets Begin a Coordinated Ascent
Seven national property indices began climbing together in October 2012, riding low rates and policy support through a rare sustained bull phase with minimal drawdowns.
Read the file →2010 · Property · US
October 2010: Divergent Recovery — US Housing Markets Navigate Fragile Post-Crisis Terrain
Sixteen city and national property markets from October 2010 reveal divergent recovery paths after the housing crash — some cities stabilizing, others still falling.
Read the file →2009 · Property · BG
July 2009: Four National Property Replays and the Divergent Paths of Post-Crisis Housing Markets
Four national property replays started July 2009 — Norway gained 29.9%, Hungary 23.0%, the US 14.9%, while Bulgaria fell 10.1% by October 2016.
Read the file →2008 · Property · BG
2008 Property Markets: How Identical Shocks Produced Opposite Outcomes
Six national property indices reveal how the 2008 crisis hit markets differently—China's stimulus versus Bulgaria's 35.6% loss.
Read the file →2007 · Property · US
2007 October: The US Housing Crash and Global Property Crisis — Thirty Months That Rewrote Risk
Oct 2007–Mar 2010: US housing indices fell continuously; Phoenix recorded a 48.4% max drawdown, with contagion spreading to Bulgaria.
Read the file →2006 · Property · US
October 2006: US City Housing Indices Peak — The Start of a Property Collapse That Reshaped Global Finance
In October 2006, the US 10-city composite housing index closed at 222.78. Over the next 30 months, it would fall 30.7% as the subprime crisis unfolded.
Read the file →2005 · Property · BG
April 2005: National Eight Articles and the Global Property Market Divide
China's 2005 property tightening set off a decade-long experiment in policy-driven cooling—against a backdrop of eight markets that would diverge wildly as the global credit crisis approached.
Read the file →2005 · Property · CA
2005-07: Six Nations, One Housing Storm — The Global Property Replay
Six national housing indices from July 2005 to October 2012 reveal divergent outcomes when the 2008 crisis hit property markets worldwide.
Read the file →2004 · Property · US
2004: US Housing Bubble — The Low-Volatility Illusion
17 US housing replays, 2004–2011: low-volatility boom masked fragility; subprime expansion ended in crisis.
Read the file →2004 · Property · US
June 2004: The U.S. Housing Bubble's Final Acceleration — When Low Volatility Became a Warning Signal
In mid-2004, U.S. housing entered its last surge phase. Case-Shiller indices climbed without meaningful correction, lulling participants before the 2008 reckoning.
Read the file →2003 · Property · CA
October 2003: Five Nations, One Property Boom, Divergent Fates
A single month saw five national property indices open in unison—only to split wildly over the next 30 months. Canada surged 57.5%; the UK barely budged. The divergence began in plain sight.
Read the file →2001 · Property · US
October 2001: The Subprime Lending Boom Begins — US Housing Enters Its Acceleration Phase
In October 2001, the US housing market entered an unprecedented acceleration phase as subprime lending reshaped property valuations across major cities, creating the foundation for the 2000s bubble.
Read the file →2000 · Property · NO
2000–2008: Two Property Booms, One Oil-Fueled Decade
October 2000 opened two national property indexes at 63.66 and 241.54 — their divergent volatility over seven years teaches how fuel source shapes market character.
Read the file →1998 · Property · BG
1998: Three Markets, Three Transitions — Property Markets in China, Bulgaria, and Norway
Three nations launched parallel property experiments in 1998: China's housing commercialization, Bulgaria's post-communist stabilization, and Norway's oil-fueled ascent.
Read the file →1997 · Property · CA
1997–2004: 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 →1996 · Property · US
1996–1998: The Steady Ascent — How US and Norway Property Markets Rewrote the Risk Handbook
A 30-month property boom across ten US cities and Norway delivered 11–28% gains with near-zero drawdowns, a market regime that stressed process over prophecy.
Read the file →1995 · Property · US
1995–1997 US Property: The Steady Ascent That Tested Patience
In the mid-1990s, US property markets entered a sustained but muted upswing across ten cities. The headline narrative promised growth, yet the actual price trajectory demanded precision and patience.
Read the file →1994 · Property · US
1994 to 1996: The Quiet Property Boom — When Patient Capital Won by Doing Nothing
A deep dive into U.S. property markets from 1994 to 1996, where Phoenix surged 14.5% with zero drawdown and Atlanta climbed 10.2% without a single losing month.
Read the file →1993 · Property · US
1993–1995: The Quiet Recovery — How U.S. Property Emerged From Recession Without Drama
March 1993 began a 30-bar post-recession recovery across U.S. and Norway property markets — labeled a boom, but delivering outcomes from 15.6% gains to a 4.2% loss depending on the city.
Read the file →1992 · Property · CA
July 1992: Three Property Markets, Three Futures — Canada, Norway, and the United States on the Same Starting Line
July 1992 baseline: Canada's index at 45.03, Norway's at 36, the US at 174.58. Over the next 7 years, three nations produced three very different return profiles in property.
Read the file →1991 · Property · CA
1991-07: Norway Oil Boom vs Canada Choppy Recovery — Two Property Markets, Divergent Paths
Two national property indices from the same starting date: Norway's oil-fueled boom delivered 35.7% against Canada's 6.2% grinding recovery, testing different decision regimes over 30 months.
Read the file →1990 · Property · CA
July 1990: Three Property Markets Diverge — Patience, Pain, and the 1990s Recovery
Three national property markets began the 1990s on divergent paths: Norway's oil boom, Canada's recession, and America's recovery all unfolded over the same seven years.
Read the file →1989 · Property · CA
1989-1996: Five Property Markets, One Overheat — Why Some Collapsed While Others Recovered
When global property peaked in 1989, five nations diverged sharply. Finland crashed 39.8%, the UK fell 28.9%, Norway dropped 25.4%, Canada wobbled 8.4%, and the US barely flinched at 0.4%.
Read the file →1988 · Property · CA
1988-10: The BIS Property Collapse — Nordic Overhang, Canadian Cooling, and the British Reckoning
From October 1988, four nations' property indices embarked on divergent paths through banking crises, recessions, and credit contraction, reshaping a decade.
Read the file →1987 · Property · US
January 1987: Two Property Crises, One Window, No Single Story
Two crises tagged the same month—US S&L fallout and Norwegian banking strain—yet the property outcomes diverged sharply, testing decision-makers in opposite directions.
Read the file →1981 · Property · CA
1981–1989: Three Markets, One Boom, Three Lessons in Volatility
The 1980s property surge across Norway, Finland and Canada tested every assumption about real estate as a stable store of value — with outcomes that diverged sharply.
Read the file →1979 · Property · CA
October 1979: The BIS Property Boom That Split Two Economies
How Norway's property boom and Canada's rate shock diverged under the same BIS framework — 1979–1987.
Read the file →1978 · Property · FI
1978: Nordic-British Property Boom — Oil, Stagflation, and the Divergent Decade
In 1978, property markets across Norway, Finland, and the UK faced divergent fates: oil-fueled momentum, post-war prosperity, and stagflationary headwinds.
Read the file →1978 · Property · CA
October 1978: Three Property Markets, Three Fates — The BIS National Replay Cluster
Three national property replays launched in October 1978, each embedding six decision points across 30 monthly bars from the stagflation era into the 1980s growth cycle.
Read the file →1977 · Property · FI
1977: Nordic Property Under the North Sea Oil Boom
1977, Nordic property. Norway rose 31%, Finland 130% over 7 years — oil money reshaped capital flows into real assets.
Read the file →1970 · Property · CA
1970s Property Boom: Four Nations, Four Risk Profiles — One Silent Warning
Four nations, one decade: Canada's 132.5% gain vs Norway's flat -1.0% taught investors entirely different lessons about volatility, drawdown, and the patience required to hold through a cycle.
Read the file →