[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f3c5gu14nmimg4":3,"$ffeh0925h8cuz":43,"$fbwk2pqjjqsc7":47},{"item":4,"previous":31,"next":37},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":29,"updatedAt":30},1032,"are-home-values-really-overinflated","Are Home Values Really Overinflated?","Last week, the \u003Cem>National Association of Realtors \u003C\u002Fem>(NAR) released their most recent \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fexisting-home-sales-slip-32-percent-in-january\">\u003Cem>Existing Home Sales Report\u003C\u002Fem>\u003C\u002Fa>\u003Cem>.\u003C\u002Fem> According to the report:","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F02\u002F28144729\u002F20180301-Share-STM.jpg","Last week, the \u003Cem>National Association of Realtors \u003C\u002Fem>(NAR) released their most recent \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fexisting-home-sales-slip-32-percent-in-january\">\u003Cem>Existing Home Sales Report\u003C\u002Fem>\u003C\u002Fa>\u003Cem>.\u003C\u002Fem> According to the report:\u003C!--more-->\r\n\u003Cblockquote>\u003Cem>“The median existing-home price for all housing types in January was $240,500, up 5.8 percent from January 2017 ($227,300). \u003Cstrong>January’s price increase marks the 71st straight month of year-over-year gains\u003C\u002Fstrong>.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nSeventy-one consecutive months of price increases may have some concerned that current home values may be overinflated.\r\n\r\nHowever, at the same time, \u003Cem>Zillow\u003C\u002Fem> issued a \u003Ca href=\"https:\u002F\u002Fwww.prnewswire.com\u002Fnews-releases\u002Fexperts-more-pessimistic-about-us-housing-market-following-new-tax-laws-300600969.html\">press release\u003C\u002Fa> which revealed:\r\n\u003Cblockquote>\u003Cem>“If the housing bubble and bust had not happened, and home values had instead appreciated at a steady pace, the median home value would be higher than its current value.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nHere are two graphs that help show why \u003Cstrong>home prices are exactly where they should be\u003C\u002Fstrong>.\r\n\r\nThe first graph shows actual median home sales prices from 2000 through 2017.\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F02\u002F20180301-STM-ENG1.jpeg\">\u003Cimg class=\"alignnone wp-image-37136\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F02\u002F20180301-STM-ENG1.jpeg\" alt=\"Are Home Values Really Overinflated? | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nBy itself, this graph could heighten concerns as it shows home values rose in the early 2000s, came tumbling down and are now headed up again. It gives the feel of a rollercoaster ride that is about to take another turn downward.\r\n\r\nHowever, if we also include where prices would naturally be, had there not been a boom & bust, we see a different story.\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F02\u002F20180301-STM-ENG2.jpeg\">\u003Cimg class=\"alignnone wp-image-37137\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F02\u002F20180301-STM-ENG2.jpeg\" alt=\"Are Home Values Really Overinflated? | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nThe blue bars on this graph represent where prices would be if they had increased by the normal annual appreciation rate (3.6%). By adding 3.6% to the actual 2000 price and repeating that for each subsequent year, we can see that prices were overvalued during the boom, undervalued during the bust, and a little bit LOWER than where they should be right now.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nBased on historic appreciation levels, we should be very comfortable that current home values are not overinflated.","\r\nBased on historic appreciation levels, we should be very comfortable that current home values are not overinflated.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F02\u002F20180301-STM-ENG1.jpeg",false,[17,21,25],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},9,"Home Prices","home-prices",{"id":26,"name":27,"slug":28},11,"First-Time Buyers","first-time-buyers","2018-03-01T10:00:10Z","2018-03-01T12:38:31Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},1031,"its-tax-season-use-your-refund-to-jump-start-your-down-payment-savings","It's Tax Season… Use Your Refund to Jump Start Your Down Payment Savings!","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F02\u002F23161830\u002F20180228-Share-STM.jpg","2018-02-28T10:00:36Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},1033,"4-reasons-to-sell-this-spring-infographic","4 Reasons to Sell This Spring [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F02\u002F23163736\u002F20180302-Share-STM.jpg","2018-03-02T11:00:18Z",{"cover":44,"open":45,"shareSpread":46},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[48,52,53,57,61,65,66,67,71,75,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155],{"id":49,"name":50,"slug":51},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":54,"name":55,"slug":56},6,"For Sellers","sellers",{"id":58,"name":59,"slug":60},7,"Foreclosures","foreclosures",{"id":62,"name":63,"slug":64},8,"Infographics","infographics",{"id":22,"name":23,"slug":24},{"id":26,"name":27,"slug":28},{"id":68,"name":69,"slug":70},34,"Senior Market","senior-market",{"id":72,"name":73,"slug":74},35,"Mortgage Rates","mortgage-rates",{"id":76,"name":77,"slug":78},38,"Move-Up","move-up",{"id":80,"name":81,"slug":82},41,"For Sale by Owner","for-sale-by-owner",{"id":84,"name":85,"slug":86},42,"Featured","featured",{"id":88,"name":89,"slug":90},45,"New Construction","new-construction",{"id":92,"name":93,"slug":94},52,"Luxury \u002F Vacation","luxury--vacation",{"id":96,"name":97,"slug":98},53,"Rent vs. Buy","rent-vs-buy",{"id":100,"name":101,"slug":102},80,"Time-sensitive","time-sensitive",{"id":104,"name":105,"slug":106},81,"Outdated","outdated",{"id":108,"name":109,"slug":110},147,"Internal","internal",{"id":112,"name":113,"slug":114},148,"Do Not Autopost","do-not-autopost",{"id":116,"name":117,"slug":118},320,"Inventory","inventory",{"id":120,"name":121,"slug":122},321,"Agent Value","agent-value",{"id":124,"name":125,"slug":126},322,"Affordability","affordability",{"id":128,"name":129,"slug":130},323,"Buying Tips","buying-tips",{"id":132,"name":133,"slug":134},324,"Downsize","downsize",{"id":136,"name":137,"slug":138},325,"Economy","economy",{"id":140,"name":141,"slug":142},326,"Equity","equity",{"id":144,"name":145,"slug":146},327,"Forecasts","forecasts",{"id":148,"name":149,"slug":150},328,"Selling Tips","selling-tips",{"id":152,"name":153,"slug":154},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":156,"name":157,"slug":158},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]