Except for a short lull last year, prices and values of houses and condos continually have gone up, and gone up a lot. How Much and what’s in store?
1.75%
The amount real estate prices are expected to rise over the next 12 months.
18%
The amount that real estate prices increased in the past 12 months
3.4%
The average amount (per year) real estate prices increased over the past 20 years
13.9%
The overall increase in real estate prices predicted over the next ten years
92%
The overall increase in prices since the beginning of 2000
I like statistics. I don’t necessarily trust them. What have we learned if we believe these numbers? The real estate market has been extremely strong over the past twenty years and will increase more slowly over the next ten.
