The NY Times has an interactive graph displaying a twenty year growth trend – both actual and inflation adjusted – in housing prices for nineteen US markets. See here. [Thanks to Dave Koch of RE/MAX for the link.]
For the moaners among us – and I catch myself in that category occasionally – it’s eye opening, and comforting. With the exception of Atlanta, which is missing five years of initial data, Portland is the only market that hasn’t experienced a quarterly downturn in actual growth. We haven’t experienced the wild peaks and valleys of, say, a Phoenix or Las Vegas, and Portland and Seattle remain among the most healthy real estate markets in the United States.
That’s not to say it can’t happen; in August inventories continue to climb and sales slide. But even with that both the average and median prices are up considerably across the broad metro area.
For the moaners among us – and I catch myself in that category occasionally – it’s eye opening, and comforting. With the exception of Atlanta, which is missing five years of initial data, Portland is the only market that hasn’t experienced a quarterly downturn in actual growth. We haven’t experienced the wild peaks and valleys of, say, a Phoenix or Las Vegas, and Portland and Seattle remain among the most healthy real estate markets in the United States.
That’s not to say it can’t happen; in August inventories continue to climb and sales slide. But even with that both the average and median prices are up considerably across the broad metro area.
The fundamentals remain strong.
3 comments:
you has good sales and your one of the top sellers of real state and its good to know that people trust you for this and you can also get good sales by using this site.
I am really impressed by this blog! Very clear explanation of issues is given and it is open to everyone. thanks for posting this work of yours.
There are so many comments here that are really interesting and conducive to me thanks. for sharing a link especially for sharing this blog.
Post a Comment