{"id":2113,"date":"2018-03-01T11:00:10","date_gmt":"2018-03-01T11:00:10","guid":{"rendered":"https:\/\/thezakariagroup.com\/are-home-values-really-overinflated\/"},"modified":"2018-03-01T11:00:10","modified_gmt":"2018-03-01T11:00:10","slug":"are-home-values-really-overinflated","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/are-home-values-really-overinflated\/","title":{"rendered":"Are Home Values Really Overinflated?"},"content":{"rendered":"
\n

\"Are<\/p>\n

Last week, the National Association of Realtors <\/em>(NAR) released their most recent Existing Home Sales Report<\/em><\/a>.<\/em> According to the report:<\/span><\/p>\n

\n

\u201cThe median existing-home price for all housing types in January was $240,500, up 5.8 percent from January 2017 ($227,300). January\u2019s price increase marks the 71st straight month of year-over-year gains<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n

Seventy-one consecutive months of price increases may have some concerned that current home values may be overinflated.<\/p>\n

However, at the same time, Zillow<\/em> issued a press release<\/a> which revealed:<\/p>\n

\n

\u201cIf the housing bubble and bust had not happened, and home values had instead appreciated at a steady pace, the median home value would be higher than its current value.\u201d<\/em><\/p>\n<\/blockquote>\n

Here are two graphs that help show why home prices are exactly where they should be<\/strong>.<\/p>\n

The first graph shows actual median home sales prices from 2000 through 2017.<\/p>\n

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

By itself, this graph could heighten concerns as it shows home values rose in the early 2000s, came tumbling down and are now headed up again. It gives the feel of a rollercoaster ride that is about to take another turn downward.<\/p>\n

However, if we also include where prices would naturally be, had there not been a boom & bust, we see a different story.<\/p>\n

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

The blue bars on this graph represent where prices would be if they had increased by the normal annual appreciation rate (3.6%). By adding 3.6% to the actual 2000 price and repeating that for each subsequent year, we can see that prices were overvalued during the boom, undervalued during the bust, and a little bit LOWER than where they should be right now.<\/p>\n

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

Based on historic appreciation levels, we should be very comfortable that current home values are not overinflated.<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Last week, the National Association of Realtors (NAR) released their most recent Existing Home Sales Report. According to the report: \u201cThe median existing-home price for all housing types in January was $240,500, up 5.8 percent from January 2017 ($227,300). January\u2019s price increase marks the 71st straight month of year-over-year gains.\u201d Seventy-one consecutive months of price […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_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":[98,99,102,108],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nAre Home Values Really Overinflated? - 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\/are-home-values-really-overinflated\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Are Home Values Really Overinflated? - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"Last week, the National Association of Realtors (NAR) released their most recent Existing Home Sales Report. According to the report: \u201cThe median existing-home price for all housing types in January was $240,500, up 5.8 percent from January 2017 ($227,300). January\u2019s price increase marks the 71st straight month of year-over-year gains.\u201d Seventy-one consecutive months of price […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thezakariagroup.com\/are-home-values-really-overinflated\/\" \/>\n<meta property=\"og:site_name\" content=\"The Zakaria Group\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/thezakariagroup\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-01T11:00:10+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2018\/02\/28144729\/20180301-Share-STM.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thezakariagroup.com\/are-home-values-really-overinflated\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thezakariagroup.com\/are-home-values-really-overinflated\/\"},\"author\":{\"name\":\"\",\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/person\/3faf57a8142a13b0b75bddafdfe7ec5d\"},\"headline\":\"Are Home Values Really Overinflated?\",\"datePublished\":\"2018-03-01T11:00:10+00:00\",\"dateModified\":\"2018-03-01T11:00:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thezakariagroup.com\/are-home-values-really-overinflated\/\"},\"wordCount\":284,\"publisher\":{\"@id\":\"https:\/\/thezakariagroup.com\/#organization\"},\"articleSection\":[\"First Time Home Buyers\",\"For Buyers\",\"Housing Market Updates\",\"Pricing\"],\"inLanguage\":\"en\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thezakariagroup.com\/are-home-values-really-overinflated\/\",\"url\":\"https:\/\/thezakariagroup.com\/are-home-values-really-overinflated\/\",\"name\":\"Are Home Values Really Overinflated? - The Zakaria Group\",\"isPartOf\":{\"@id\":\"https:\/\/thezakariagroup.com\/#website\"},\"datePublished\":\"2018-03-01T11:00:10+00:00\",\"dateModified\":\"2018-03-01T11:00:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thezakariagroup.com\/are-home-values-really-overinflated\/#breadcrumb\"},\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thezakariagroup.com\/are-home-values-really-overinflated\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thezakariagroup.com\/are-home-values-really-overinflated\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thezakariagroup.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Are Home Values Really Overinflated?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thezakariagroup.com\/#website\",\"url\":\"https:\/\/thezakariagroup.com\/\",\"name\":\"The Zakaria Group\",\"description\":\"The Zakaria Group\",\"publisher\":{\"@id\":\"https:\/\/thezakariagroup.com\/#organization\"},\"alternateName\":\"TZG, MLS\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/thezakariagroup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/thezakariagroup.com\/#organization\",\"name\":\"The Zakaria Group\",\"alternateName\":\"TZG\",\"url\":\"https:\/\/thezakariagroup.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/10\/logo-1.png\",\"contentUrl\":\"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/10\/logo-1.png\",\"width\":400,\"height\":173,\"caption\":\"The Zakaria Group\"},\"image\":{\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/thezakariagroup\/\",\"https:\/\/www.youtube.com\/channel\/UCX6VeVxc5BNyr8TY1piPyXw\",\"https:\/\/www.instagram.com\/thezakariagroup\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/person\/3faf57a8142a13b0b75bddafdfe7ec5d\",\"name\":\"\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g\"},\"url\":\"https:\/\/thezakariagroup.com\/author\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Are Home Values Really Overinflated? - The Zakaria Group","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/thezakariagroup.com\/are-home-values-really-overinflated\/","og_locale":"en_US","og_type":"article","og_title":"Are Home Values Really Overinflated? - The Zakaria Group","og_description":"Last week, the National Association of Realtors (NAR) released their most recent Existing Home Sales Report. According to the report: \u201cThe median existing-home price for all housing types in January was $240,500, up 5.8 percent from January 2017 ($227,300). January\u2019s price increase marks the 71st straight month of year-over-year gains.\u201d Seventy-one consecutive months of price […]","og_url":"https:\/\/thezakariagroup.com\/are-home-values-really-overinflated\/","og_site_name":"The Zakaria Group","article_publisher":"https:\/\/www.facebook.com\/thezakariagroup\/","article_published_time":"2018-03-01T11:00:10+00:00","og_image":[{"url":"http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2018\/02\/28144729\/20180301-Share-STM.jpg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thezakariagroup.com\/are-home-values-really-overinflated\/#article","isPartOf":{"@id":"https:\/\/thezakariagroup.com\/are-home-values-really-overinflated\/"},"author":{"name":"","@id":"https:\/\/thezakariagroup.com\/#\/schema\/person\/3faf57a8142a13b0b75bddafdfe7ec5d"},"headline":"Are Home Values Really Overinflated?","datePublished":"2018-03-01T11:00:10+00:00","dateModified":"2018-03-01T11:00:10+00:00","mainEntityOfPage":{"@id":"https:\/\/thezakariagroup.com\/are-home-values-really-overinflated\/"},"wordCount":284,"publisher":{"@id":"https:\/\/thezakariagroup.com\/#organization"},"articleSection":["First Time Home Buyers","For Buyers","Housing Market Updates","Pricing"],"inLanguage":"en"},{"@type":"WebPage","@id":"https:\/\/thezakariagroup.com\/are-home-values-really-overinflated\/","url":"https:\/\/thezakariagroup.com\/are-home-values-really-overinflated\/","name":"Are Home Values Really Overinflated? - The Zakaria Group","isPartOf":{"@id":"https:\/\/thezakariagroup.com\/#website"},"datePublished":"2018-03-01T11:00:10+00:00","dateModified":"2018-03-01T11:00:10+00:00","breadcrumb":{"@id":"https:\/\/thezakariagroup.com\/are-home-values-really-overinflated\/#breadcrumb"},"inLanguage":"en","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thezakariagroup.com\/are-home-values-really-overinflated\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/thezakariagroup.com\/are-home-values-really-overinflated\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thezakariagroup.com\/"},{"@type":"ListItem","position":2,"name":"Are Home Values Really Overinflated?"}]},{"@type":"WebSite","@id":"https:\/\/thezakariagroup.com\/#website","url":"https:\/\/thezakariagroup.com\/","name":"The Zakaria Group","description":"The Zakaria Group","publisher":{"@id":"https:\/\/thezakariagroup.com\/#organization"},"alternateName":"TZG, MLS","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thezakariagroup.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en"},{"@type":"Organization","@id":"https:\/\/thezakariagroup.com\/#organization","name":"The Zakaria Group","alternateName":"TZG","url":"https:\/\/thezakariagroup.com\/","logo":{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/thezakariagroup.com\/#\/schema\/logo\/image\/","url":"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/10\/logo-1.png","contentUrl":"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/10\/logo-1.png","width":400,"height":173,"caption":"The Zakaria Group"},"image":{"@id":"https:\/\/thezakariagroup.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/thezakariagroup\/","https:\/\/www.youtube.com\/channel\/UCX6VeVxc5BNyr8TY1piPyXw","https:\/\/www.instagram.com\/thezakariagroup\/"]},{"@type":"Person","@id":"https:\/\/thezakariagroup.com\/#\/schema\/person\/3faf57a8142a13b0b75bddafdfe7ec5d","name":"","image":{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/thezakariagroup.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g"},"url":"https:\/\/thezakariagroup.com\/author\/"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/posts\/2113"}],"collection":[{"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/users\/101010"}],"replies":[{"embeddable":true,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/comments?post=2113"}],"version-history":[{"count":0,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/posts\/2113\/revisions"}],"wp:attachment":[{"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/media?parent=2113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/categories?post=2113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/tags?post=2113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}