A Brief History of US Home Prices

Below our readers are going to find a very interesting chart of the history of home value prices in the United States. It is a great look back, almost 12 decades of home prices adjusted for inflation. We have seen price booms in the past, in the 70’s and 80’s but the run up that has occurred since the late 1990’s is unprecedented! Our interpretation is that there has never been a better time to sell your home and if you area buyer be sure that you are thinking about the longer term. No one is in a position to forecast a massive price correction, or stability so we are not going to suggest that people wait to buy. We are going to suggest that you are looking for, and finding what you want for the longer term. We say hedge against a price drop and find a place with one more bedroom and bathroom than you need right now just in case. If we do see a market correction wouldn’t it be nice to know you don’t HAVE to move unless you want to? We have Yale economist Robert Shiller to thank for this graph.

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