Average Home Values At An ALL-TIME HIGH

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Education & Training with MarQeteer

(this is a re-post for the groups I couldn't include in the first post)

I'm sure some of you are waiting for the punchline, right?  Actually, there is no punchline.  I felt kinda punch-drunk when I saw the Case-Shiller Home Value Index update from July of last year.

Then, strange thought occurred to me.

Except for the Housing Boom spike, average home values are at an all-time high.  Hard to believe, but see what you think:  CLICK HERE TO SEE A HUGE VERSION OF THE CHART

Case Shiller chart 

Home values are at an all-time high except for the housing boom.  Doesn't feel like it, does it?  For even greater contrast, compare the Boom peak to the lowest dip just after WWI, and keep in mind that trends always have limits and always have a way of evening themselves out.

Signs seem to indicate we may bottom out around the home values of 1999 - 2000.  Keep that in your mindset, plan your budget, prospecting and marketing accordingly, and you'll weather the storm fine.  It won't be easy, but it's not supposed to be.  It was work before the boom and has merely become work again:)

The chart comes from a July 28, 2010 article by Barry Ritholtz for The Big Picture.

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