↑90% ↓60% ↑40% →0%
Since January 2000, metro Phoenix real, inflation-adjusted home prices have;
- Boomed up 90%,
- Busted down 60%,
- Rebounded up 40%, and
- Been flat for a year.
Boom, Bust, Rebound, Stability
Over those 15 years, metro Phoenix real, inflation-adjusted home prices have increased a grand total of 5%.
It’s been one hell of a round trip.
Your comments are welcome!
One Response to Phoenix home prices – Up 90%, down 60%, rebound 40%, flat
The real estate press loves to say, “housing recovery.”
For Arizona, the “housing recovery” is over. We recovered. It’s over. Phoenix real home prices have rebounded to pre-boom and bust levels.
Maybe the press thinks real estate is like a 12-step program where you’re always in recovery.
Let me be the first to say that the U.S. real estate market has recovered from the real estate bust of 2007-2011.
Although clearly, the U.S. has a genetic pre-disposition to real estate booms and busts.
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