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.
Jim Klinge
Klinge Realty Group
Broker-Associate, Compass
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024 - (858) 997-3801 call or text
- klingerealty@gmail.com
CA DRE #01527365, CA DRE #00873197
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.