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Thursday, March 30, 2006 11:45:46 PM
COTD - Median House Prices:
Recent press reports suggest that the US real estate market is slowing. For some perspective, today's chart illustrates the US median price of a single-family home over the past 35 years. Thanks, in part, to low long-term interest rates, the trend over the past decade has been impressive. Not only have housing prices been increasing at a rapid rate, the rate at which housing prices have been increasing has been increasing. So while the recent softness in the real estate market has resulted in a lower median price for a single-family home, the real estate market as a whole has not yet broken below trend. Stay tuned...
Notes:
- What are our latest indicators and studies saying about future real estate and stock market trends? Find out now with the exclusive & highly regarded charts of Chart of the Day Plus.
Recent press reports suggest that the US real estate market is slowing. For some perspective, today's chart illustrates the US median price of a single-family home over the past 35 years. Thanks, in part, to low long-term interest rates, the trend over the past decade has been impressive. Not only have housing prices been increasing at a rapid rate, the rate at which housing prices have been increasing has been increasing. So while the recent softness in the real estate market has resulted in a lower median price for a single-family home, the real estate market as a whole has not yet broken below trend. Stay tuned...
Notes:
- What are our latest indicators and studies saying about future real estate and stock market trends? Find out now with the exclusive & highly regarded charts of Chart of the Day Plus.
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