September 11, 2013: Over the past six months, the median price for a single-family home has shot up at the fastest pace on record. Warning, surges over 10% are "often" followed by stagnation or falling prices.
Chartoftheday.com1
wrote:
The
US real estate market continues to surge. For some perspective, today's
top chart illustrates the US median price (adjusted for inflation) of a
single-family home over the past 43 years while today's bottom chart
presents the semi-annual percent change in home prices (also adjusted
for inflation). Today's chart illustrates that the inflation-adjusted
median home price has rarely increased more than 10% in six months (gray
shading). When inflation-adjusted home prices did increase more than
10% in six months, it was often soon followed by a period of stagnant or
declining prices. It is worth noting that over the past six months, the
median price for a single-family home has shot up at the fastest pace
on record.
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