4 Reasons to Buy a Home This Fall in Oregon!Here are four great reasons to consider buying a home today, instead of waiting.1. Prices Will Continue to RiseCoreLogic’s latest Home Price
Are Home Prices Approaching Bubble Territory
As home values continue to rise, some are questioning whether we are approaching another housing bubble. Zillow just reported that:
“National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade.”
Though that statement is correct, we must realize that just catching prices of a decade ago does not mean we are at bubble numbers. Here is a graph of median prices as reported by the National Association of Realtors (NAR).
We can see that prices rose during the early 2000s, fell during the crash and have risen since 2013.
However, let’s assume there was no housing bubble and crash and that home prices appreciated at normal historic levels (3.6% annually) over the last ten years.
Here is a graph comparing actual price appreciation (tan bars) with what prices would have been with normal appreciation (blue bars).
To see what homes are going for all you need to do is go to our search page, or check out Beaverton Statistics now.
As we can see, had there not been a boom and bust, home values would essentially be where they are right now.
Latest Blog Posts
Homeowner’s Net Worth Is Still Greater Than a Renter’sEvery three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all
Do Your Future Plans Include a Move? What's Stopping You from Listing Now?Are you an empty-nester? Do you want to retire where you are, or does a vacation destination sound more your style? Are you