Note that last time the rise in prices was quicker (steeper curve), and it only took about a year – 2006 – to reverse course.
This time, the increase looks more reasonable (more-gradual slope), but it still has to look daunting to buyers.
by Jim the Realtor | Jul 6, 2017 | Jim's Take on the Market, Sales and Price Check | 1 comment
Note that last time the rise in prices was quicker (steeper curve), and it only took about a year – 2006 – to reverse course.
This time, the increase looks more reasonable (more-gradual slope), but it still has to look daunting to buyers.
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
CA DRE #01527365, CA DRE #00873197
As good as twitter gets right here: Meet the Chicago-area man behind the hilarious Super 70s Sports Twitter account: 'I poke fun. It's a little profane. But I think it's good-hearted' https://www.chicagotribune.com/sports/ct-spt-super-70s-sports-ricky-cobb-20190223-story.html
I am an active realtor working the street so most of the time the reality is stranger than fiction these days. But you could probably say that it's been like that since the beginning in 2005. Thanks for asking.
@Bubbleinfo Honest question - is your blog a parody? Other than the videos And the name I can’t tell
Extended to end of August now. There will never be a Covid foreclosure: FHFA extends forbearance period to 18 months - HousingWire https://www.housingwire.com/articles/fhfa-extends-forbearance-period-to-18-months/
Fantastic chart Jim, thx for creating & sharing. Another factor is time; we’re a decade out from the ’07 meltdown. I wonder what a 4th line on your chart would look like, starting from ’89 forward, moving at the historical RE rate of return.