Looking at the roller coaster prices of the last ten years on the chart below with data from the National Association of Realtors it is easy to get concerned that prices are getting into dangerous territory again.
But if we look at what was normal appreciation from 1987 to 1999… 3.6% per year… and apply that normal appreciation to 2000 and beyond it doesn't look so scary. This chart shows that had we had normal appreciation instead of the bubble and crash, prices would be even higher than where they are now.
Sharlene Hensrud, RE/MAX Results – Email – Minneapolis – St. Paul Real Estate Market
HomesMSP Team- Sharlene, John, Angela – Minneapolis-St. Paul Realtors
RELATED POSTS
