Homeowners asking "How to build a bocce court" probably have an underused space in their backyard that's crying out for some attitude adjustment. When the weather heats up and you want to spend all
Housing Prices Are NOT Heading For Another Crash
As home values continue to increase at levels greater than historic norms, some are concerned that we are heading for another crash like the one we experienced ten years ago. We recently explained that the lenient lending standards of the previous decade (which created false demand) no longer exist. But what about prices?
Are prices appreciating at the same rate that they were prior to the crash of 2006-2008? Let’s look at the numbers as reported by Freddie Mac:
The levels of appreciation we have experienced over the last four years aren’t anywhere near the levels that were reached in the four years prior to last decade’s crash.
We must also realize that, to a degree, the current run-up in prices is the market trying to catch up after a crash that dramatically dropped prices for five years.
Prices are appreciating at levels greater than historic norms. However, we are not at the levels that led to the housing bubble and bust.
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A few years ago, while selling our home in New Jersey, a real estate agent requested a showing for a couple and their tween daughter."Of course!" my husband and I thought. We didn't even think: