“The median price for a single-family home was $327,300 in the first quarter, the company said. Based on historic trends for household income, affordability and appreciation, the “normal” value should have been $415,300.”
the methodology is based on median prices – enough time wasted here – the article is garbage
1985 was the first year considered. It was coincidentally a year in which housing started a bull run. Going back to 1976 and eliminating most of the latest bubble years would show a different story. How can historically unprecedented RE bubble data be used in determining normal valuations? That’s crazy. The article was a simplistic attempt to rationalize high valuations.
1985 was the first year considered. It was coincidentally a year in which housing started a bull run. Going back to 1976 and eliminating most of the latest bubble years would show a different story. How can historically unprecedented RE bubble data be used in determining normal valuations? That’s crazy. The article was a simplistic attempt to rationalize high valuations.
1985 was the first year considered. It was coincidentally a year in which housing started a bull run. Going back to 1976 and eliminating most of the latest bubble years would show a different story. How can historically unprecedented RE bubble data be used in determining normal valuations? That’s crazy. The article was a simplistic attempt to rationalize high valuations.
1985 was the first year considered. It was coincidentally a year in which housing started a bull run. Going back to 1976 and eliminating most of the latest bubble years would show a different story. How can historically unprecedented RE bubble data be used in determining normal valuations? That’s crazy. The article was a simplistic attempt to rationalize high valuations.
