Doug, this is an excellent and very timely post! It's crucial to offer homeowners and potential buyers perspective beyond the immediate headlines. The "5-Year Rule" really underscores the long-term stability and growth potential of real estate, which is such an important message. Thanks for sharing this valuable insight!

great information. Thanks for sharing it. Have a super fantastic week! Bill 

Bill Salvatore, Realtor- Arizona Elite Properties

Doug, Keeping Matters Current always publishes informational graphics to assist buyers and sellers.  

Hello Doug and what a great blog you are sharing with us here in the Rain.  Can I reblog it sometime?

Doug Dawes 

That is a very optomistic chart for sellers who may be on the edge of listing their homes. I didn't know about the 5 year rule, thanks for sharing and your clear explanation. 

Now when these things begin to take place, straighten up and raise your heads, because your redemption is drawing near.”Luke 21:28

I once read where it would require a buyer to stay in the house at least 3 years in order to recoup the cost they incurred in buying the house and have a reserve for commissions. Five years creates equity 

Good evening Doug,

I adore your lead photo so appropriate for the message in your post! The headlines are not reflective of the market or anything else for that matter. Good to have a trusted professional like you to keep buyers and seller informed.

Hello Doug Dawes very valuable educational helpful report about the 5 year rule.

Hello Doug - home ownership involves knowledge of the local market combined with thoughtfulness and responsibility. 

I did not realize there was a 5-year rule when it comes to home prices either, but that graphic lays it out nicely!

I didn't know about the five year rule - That chart would disagree (if someone bought a house in Q3 2005 it would have taken way more than 5 years to be even equal in price to when they purchased).

Doug Dawes my home is proof of this.  I purchased it in 1981 for $57,500 and it is valued at over $350,000 today.

This is great information with a positive outlook on investing in a home and thereby yourself! I really enjoyed reading this and am going to put it to good use! Thank you!

I’ve also heard that historically there is a seven year rule– the prices have tended to go up for seven years and then correct or at least slow down for seven years so that we can all catch up with the price increases. This recent run up since 2008 has been an anomaly in recent times we really are due for a correction. Otherwise, our children and grandchildren will never be able to afford to buy a house or even a condo.