{"id":1368,"date":"2016-09-09T03:27:22","date_gmt":"2016-09-09T03:27:22","guid":{"rendered":"https:\/\/thezakariagroup.com\/?p=1368"},"modified":"2016-11-15T06:33:28","modified_gmt":"2016-11-15T06:33:28","slug":"home-values-bubble-range-2","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/home-values-bubble-range-2\/","title":{"rendered":"Home Values: Are We In Bubble Range?"},"content":{"rendered":"

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\n\t\t\t\t\tThere are some industry pundits claiming that residential home values have risen too quickly and that current levels are on the verge of another housing bubble. It is easy to see how this thinking has taken form if we look at a graph of home prices from 2000 to today.<\/p>\n

\"Home<\/a><\/p>\n

The graph definitely looks like a rollercoaster ride. And, as prices begin to reach 2006 levels again, it \u201cseems logical\u201d that the next part of the ride would be downhill. However, this graph includes the difference\u00a0of the bubble price\u00a0and the correction (the housing crash).<\/p>\n

What if the bubble & bust didn\u2019t occur?<\/strong><\/h4>\n

Let\u2019s assume that instead of the rise and fall in home prices that we saw last decade, we just had normal historic appreciation from 2000 to today. According to the 100+ experts that are surveyed for the Home Price Expectation Survey<\/em>, normal annual appreciation for residential single family homes from 1987 to 1999 was 3.6%.<\/p>\n

Starting with the median home price in 2000, we added 3.6% to it each year since then. Here is that graph intermixed with the above graph.<\/p>\n

\"Home<\/a><\/p>\n

What this shows us is that, had the bubble and crash not occurred and instead we just had normal annual appreciation over this period, prices would actually be greater than they are today.<\/p>\n

Bottom Line<\/strong><\/h3>\n

The only thing predictable about real estate is that it’s unpredictable. \u00a0Based on this explanation, there is no reason for alarm as prices seem to be right in line with where they should be.<\/p>\n

Get Your Home’s Value<\/strong><\/h3>\n

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[et_pb_section admin_label=”section”] [et_pb_row admin_label=”row”] [et_pb_column type=”4_4″] [et_pb_text admin_label=”Text”] There are some industry pundits claiming that residential home values have risen too quickly and that current levels are on the verge of another housing bubble. It is easy to see how this thinking has taken form if we look at a graph of home prices from […]<\/p>\n","protected":false},"author":5,"featured_media":1591,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"There are some industry pundits claiming that residential home values have risen too quickly and that current levels are on the verge of another housing bubble. It is easy to see how this thinking has taken form if we look at a graph of home prices from 2000 to today.\r\n\r\n\"Home<\/a>\r\n\r\nThe graph definitely looks like a rollercoaster ride. And, as prices begin to reach 2006 levels again, it \u201cseems logical\u201d that the next part of the ride would be downhill. However, this graph includes the difference\u00a0of the bubble price\u00a0and the correction (the housing crash).\r\n

What if the bubble & bust didn\u2019t occur?<\/strong><\/h4>\r\nLet\u2019s assume that instead of the rise and fall in home prices that we saw last decade, we just had normal historic appreciation from 2000 to today. According to the 100+ experts that are surveyed for the Home Price Expectation Survey<\/em>, normal annual appreciation for residential single family homes from 1987 to 1999 was 3.6%.\r\n\r\nStarting with the median home price in 2000, we added 3.6% to it each year since then. Here is that graph intermixed with the above graph.\r\n\r\n\"Home<\/a>\r\n\r\nWhat this shows us is that, had the bubble and crash not occurred and instead we just had normal annual appreciation over this period, prices would actually be greater than they are today.\r\n

Bottom Line<\/strong><\/h3>\r\nThe only thing predictable about real estate is that it's unpredictable. \u00a0Based on this explanation, there is no reason for alarm as prices seem to be right in line with where they should be.\r\n

Get Your Home's Value<\/strong><\/h3>","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[8],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nHome Values: Are We In Bubble Range? - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/home-values-bubble-range-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home Values: Are We In Bubble Range? - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"[et_pb_section admin_label=”section”] [et_pb_row admin_label=”row”] [et_pb_column type=”4_4″] [et_pb_text admin_label=”Text”] There are some industry pundits claiming that residential home values have risen too quickly and that current levels are on the verge of another housing bubble. 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