Have you heard people talking about the possibility of another real estate “bubble”? So have I. Many people these days have concluded that the increases in housing prices we’ve been seeing in 2013 are unsustainable. This seems to be the popular wisdom of the moment. After all, house prices are always changing and it’s a wise thing to be cautious in a market with increasing house prices, given all the sales hype that is out there.But…are there good reasons to think that housing prices have headed into “bubble” territory again? As I continue to analyze the Evanston Real Estate Market, I keep concluding that we’re nowhere close to another “bubble”. Here’s another reason why: The latest market data for median home sales prices in Evanston simply does not support the “bubble 2.0″ idea. Check out the details for yourself on the graph.
Does this look like a “bubble” to you? Me neither. This looks to me like a stable, moderately-appreciating market. A market that continues to get healthier each month, even as interest rates creep upward.
Want more local market data analysis like this? I can serve you with accurate, up-to-date data analysis and local market expertise so that you can make the wisest housing decisions possible. For example, what is the rolling average trend of median sale prices…
- For only attached homes (condos & townhomes)?
- Over the past 5 years?
- In a particular price range?
- In a particular neighborhood in Evanston?
If you need to know, want to know, or if you’re just curious, please ask me. I think you’ll be pleasantly surprised by how eager I am to serve you and your family as you make what are the most important financial and lifestyle decisions most of us ever make: our housing decisions. Give me a call (You can find my number on my website). Friend me on Facebook. Follow me on Twitter. Visit my site to register for market updates. Let’s do some housing for good.