Evan and Richard discuss home appreciation over the last 25 years based on a study done by Carl Case. Home appreciation averaged 26+% in 5 year increments since 1980. However, between 2000-2006 appreciation jumped to 89%!
These numbers are national statistics, as our Rockwall Texas area did not see anywhere close to that sort of an increase, but the flipside is that places like Florida, California, Arizona, etc saw more than an 89% increase. The takeaway is that nearly all the “crashing” markets on the east and west coast are really just adjustments back to a normal rate of appreciation.
For more info:
The Matteson Group
Coldwell Banker Apex, Realtors
Your trusted advisors providing a joy filled real estate experience!