Monday, January 04, 2010
House Prices Still Up 25% Over Last Decade - Amazing!
U.S. home prices increased over 25% in the past decade per the National Association of Realtors.
The median home price climbed from $137,600 from November 1999 to $172,600 in November 2009, based on the latest existing-home sales data.
Think what your home price appreciation would have been if values hadn’t fallen drastically in the past few years???
More stats...
NAR’s decade in review revealed that fewer buyers purchased detached, single-family homes, going to 78 percent from 82 percent a decade earlier. More people bought in suburban areas, with such sales grabbing a 54 percent share, up from 46 percent a decade ago. Married couples accounted for fewer home sales, holding a 60 percent share at the end of the decade, compared with 68 percent in 1999.
The one thing that didn’t change was the median age of homebuyers, which held steady at 39.
