Housing market price cycle, 2015

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Real Estate Agent with Davis Yoder Group, Coldwell Banker Realty BRE# 01117410, 00705038

The most common question we get is "how is the market" or "where are we in the cycle.

 

Housing prices have typically been a function of price, interest rates and income. House prices are based on affordability. Prices are affected by the percentage of income going towards housing costs, When rates are low, you can afford more. As incomes go up, you can afford more. 

 

As we know rates are historically low and incomes have been stagnate for over a decade. Where are we in the housing price cycle in California. Check out this article that graphically shows where different markets in California are at today. Information is provided John Burns Real Estate Consulting.

 

Each market is different and some are quite high!

 

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Topic:
Real Estate Market Trends
Tags:
appreciation
housing prices
affordability
market cycle

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Rainmaker
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Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Bob - This is a good report that shows the cycle of the market. If your timing is right, it can make a significant difference.

Jul 29, 2015 06:54 AM #1
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Rainer
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Davis Yoder Group

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