Frederick MD | Are Home Prices Approaching Bubble Territory?

 

Frederick MD Local Market Tidbits:

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From an advisory point of view, our local knowledge will benefit you financially when buying a home through us.

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Today I want to talk to you about Are Home Prices Approaching Bubble Territory?

 

As home values continue to rise, some are questioning whether we are approaching another housing bubble. Zillow just reported that:

 

“National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade.”

 

Though that statement is correct, we must realize that just catching prices of a decade ago does not mean we are at bubble numbers. Here is a graph of median prices as reported by the National Association of Realtors (NAR).

 

 We can see that prices rose during the early 2000s, fell during the crash and have risen since 2013.

However, let’s assume there was no housing bubble and crash and that home prices appreciated at normal historic levels (3.6% annually) over the last ten years.

Here is a graph comparing actual price appreciation (tan bars) with what prices would have been with normal appreciation (blue bars).

 

Bottom Line

As we can see, had there not been a boom and bust, home values would essentially be where they are right now.

 

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We know how it affects your family and we know the experience could affect the quality of your life.

That’s why our team of highly-seasoned real estate professionals are dedicated to providing you with exceptional services at a local level.

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where our goal is to build a long-term relationship based on trust and service.

Let us help you achieve all your real estate goals. 

Give us a call now.

 

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