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Matt Pivec with The W Home Group of Next Step Realty

Baltimore Real Estate

Are We in a Housing Bubble?

June 15, 2017 by Heather

Are Home Prices Approaching Bubble Territory? | Keeping Current MattersAs 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). Are Home Prices Approaching Housing Bubble Territory? | The Pivec Group

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).

Are Home Prices Approaching Housing Bubble Territory? | The Pivec Group

2017 Housing Bubble?

Bottom Line

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


Are you thinking of buying or selling a home, or have a friend or family member who is? Contact The Pivec Group today by calling 443-692-8800 or visiting our website! We look forward to hearing from you and helping you find YOUR dream home! Contact us.The Pivec Group Logo

Filed Under: Real Estate Advice Tagged With: home prices, housing bubble

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