Home › Forums › Housing › new case shiller housing index data › If you add 6% a year to
If you add 6% a year to homes that were bought in 1998 @ 300k they wouldn’t have reached today’s 700k levels till 2013. If prices drop 20% between now and 2009 then they will be just about in balance. That seems like quite a likely scenario.
(adding 6% a year) $300,000.00 1998 $318,000.00 1999 $337,080.00 2000 $357,304.80 2001 $378,743.09 2002 $401,467.67 2003 $425,555.73 2004 $451,089.08 2005 $478,154.42 2006 $506,843.69 2007 $537,254.31 2008 $569,489.57 2009 $603,658.94 2010 $639,878.48 2011 $678,271.19 2012 $718,967.46 2013
