Perspective into the US Real Estate Market

Location: New York
Author: chartoftheday.com
Date: Monday, December 29, 2008
 

For some perspective into the all-important US real estate market, today's chart illustrates the US median price of a single-family home over the past 38 years.

Thanks, in part, to low long-term interest rates, the trend from 1991 to 2005 was impressive. Not only did housing prices increase at a rapid rate, the rate at which housing prices increased – increased.

That brings us to today's chart which illustrates how housing prices have dropped well below their accelerated upward trend and 29% from the 2005 peak.

It is worth noting that housing prices are currently decreasing at a rapid rate. In fact, the rate at which housing prices have been decreasing has been increasing.

Source - National Association of Realtors