The last 5 quarters have seen the highest level of Real Estate Appreciation in modern history

by redditbannedme12x

Median Sales Price of Houses Sold for the United States can be found here.

The last 5 quarters have all seen growth over 3%. This is the longest such streak in history.

The last 5 quarters have seen a price increase of over 23%. This is the biggest such increase in history (back as far as tracked data goes).

The same markets that went wild in 2003-2008 are the same markets than have gone wild in 2020-2021. Inflation is nowhere near the levels we saw the last time prices moved this quickly. A ~1% drop in mortgage interest rates improves affordability by about 11%. This really cant be used as justification for home values at this point. National supply has more or less corrected as well.

I scratch my head when people say Real Estate only goes up considering just before the pandemic prices were stagnant. Over 5 years from 2015-2020 the median new home sale went from 289k to 322k. Its gone from 322k to 405k in the last 5 quarters.

People say RE pretty much never goes down. Across 234 quarters there were 68 that yielded negative growth (29%). There were 5 quarters (about 2%) that yielded -5% or more results. We just had a quarter of -4.9% in 2018.