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 Medium Single-Family Home Prices

Median Single-Family Home Prices Adjusted for Inflation
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January 15, 2014:   Last year on 9/11/13, I posted a chart showing prices had surged over 20% then I wrote, "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."  Sure enough, that was the peak and prices are down about 10% to where Chartoftheday has now drawn a lower support channel.  It is too bad they didn't update their rate of change lower graph but you can see in the old article that -10% is an historically large decline. 
Yesterday Chartoftheday.com1 wrote:

For some perspective on the all-important US real estate market, today's chart illustrates the inflation-adjusted median price of a single-family home in the United States over the past 44 years. There are a few points of interest. Not only did housing prices increase at a rapid rate from 1991 to 2005, the rate at which housing prices increased -- increased. All those gains and then some were given back during the following 6.5 years. Over the past two years, however, the median price of a single-family home has trended significantly higher. More recently, the inflation-adjusted price of the median single-family home has declined and is now testing support of its two-year upward sloping trend channel.

 
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Note 1.  Source: Chart of the Day  "Journalists and bloggers may post the above free Chart of the Day on their website as long as the chart is unedited and full credit is given with a live link to Chart of the Day at http://www.chartoftheday.com." 
 
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