Thursday, October 5, 2017

Are These Growth Rates in Housing Market Sustainable?

(Click on the image to enlarge)

Save New York, other markets have been experiencing double digit annual growth.

Traders - Time to book some profit, as you would in other financial markets?

Homeowners - Ignore the hoopla. Enjoy your home, but while fighting YOUR Assessment/Taxes, pick a set of arms-length comps with longer holding periods (home comps), rejecting all with <=2 years (trading/investor comps, which should not impact your valuation).

Data Source: Case-Shiller Index as of 09-26-2017

Quick Review Series (#5 in the Series)

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