4 Decades of Home Data

Knowing where we’ve been is great information as it helps us see where we are going. Having 40 years of the National Median Home Values clearly shows that while values do go up and down, the long-term trend is increased values.
You’ll notice that prices peaked in 2006, when some areas saw more than a 50% appreciation in one year and then the correction hit. However, do note that this was the first and only national decline in values over 40 years.

The trend now…..home prices are back on their path of growth.
40 decades of home values

Still a gap between the trend and the current national median home value exists. What is the theory behind this? One may figure that while values are moving upward, there is still a ways to go before reaching the price point as suggested by the historical trends.

Why is that good news for the consumer today? With interest rates still at industry lows, the cost of financing a home are at records lows as well. So buying while values are low with low interest rates. It’s a win-win.

Explore your options…..be sure to reach out to your lender when you are ready to take your path to home ownership.

Karen Jones Banner with Disclosure

 

AmeriFirst Financial, Inc., 1550 E. McKellips Road, Suite 117, Mesa, AZ 85203 (NMLS # 145368). 1­877­276­1974. Copyright 2017. All Rights Reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. AZ: Arizona Mortgage Banker License No. BK0013635; CA: Licensed by The Department of Business Oversight under the California Residential Mortgage Lending Act; CO: Regulated by the Division of Real Estate; WA: Washington Consumer Loan Company License No. CL­145368. AmeriFirst Financial, Inc. is an independent mortgage lender and is not affiliated with the Department of Housing and Urban Development (HUD) or the Federal Housing Administration (FHA). Karen Jones is a licensed loan originator at AmeriFirst Financial.,Inc. Karen Jones complies with all regulations and rules of all government agencies and regulators including the Real Estate Settlement and Procedures Act. The services provided by Karen Jones are not a condition, nor do they create any obligation for any form of remuneration for any real estate settlement service related to any referral.

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