Home Values: DEFINITELY NOT in Bubble Range!!

Home Values: DEFINITELY NOT in Bubble Range!! | Simplifying The Market

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.

Home Values: DEFINITELY NOT in Bubble Range!! | Simplifying The Market

The graph definitely looks like a rollercoaster ride. And, as prices begin to reach 2006 levels again, it “seems logical” that the next part of the ride would be downhill. However, this graph includes the anomaly of the price bubble and the correction (the housing crash).

What if the bubble & bust didn’t occur?

Let’s 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, normal annual appreciation for residential single family homes from 1987 to 1999 was 3.6%.

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.

Home Values: DEFINITELY NOT in Bubble Range!! | Simplifying The Market
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.

Bottom Line

There is no reason for alarm as prices seem to be right in line with where they should be.

Source: Real Estate News

So my Blog – WordPress site was hacked.

My site was hacked.. at least that’s what the email (malware etc.. yada yada yada…) from Bluehost said. When I called support they patched me through to a third party company (SiteLock) where an unpleasant individual told me my site was toast unless I purchased their “fix it” program… seemed kind of fishy to me.

Getting a hold of a Bluehost support tech isn’t as easy as it used to be. (man, they were a great company for sooo long) After more than an hour of trying to chat with them from the link on their support page.. I finally told the support guy that if Bluehost wouldn’t help me,  to “Please NUKE the site”.  So that I can do, what I probably should have done a while ago…. and that is, rebuild it.

So, rant aside… I’m sorry right up front for all of the dead links coming this way.. I’ll get the site up and running.. build a new sitemap.. and hopefully that stuff will go away.

Meantime, you can find me, info about towns and neighborhoods in Chicago’s Western Suburbs and a bunch of real estate (Houses, condos townhouses etc..) stuff at one of my other sites:

www.homesguy.com 

or

www.westsuburbanrealestate.com

 

YourBestMooove has been active since the late 90’s. It was the second site that I built.. a static page built in UNIX.. and later using forms built by a 12 year old (who was a genius and shared his stuff with everyone)

Later I used Front Page.. it was way easier for a busy Real Estate agent than trying to mess around with UNIX.. but it created a massive site with loads of useless files.

Some years after, I switched to Dreamweaver for site design and maintenance.. it was much more elegant than Front Page.. but still took a lot of time.

Then came WordPress… so while I am not a super active blogger, this enabled me (with plug ins..) to display active real estate content and construct individual pages for each of my listings (so the site has been regularly updated, by hand and auto-magically)

I’m not going to go back and post the stats from 2001… that just doesn’t seem to make a lot of sense to me. But, I will get my Tips and Tricks back up and running again, I’ll have the pages for my listings where I can get a bit more personal with them, probably some stuff saying what a great guy I am… and some opinions (duh)

If you are looking for some opinions from me.. these aren’t real estate related but I tend to Yelp!

http://angusw.yelp.com/