Nationally Speaking

Here are some interesting stats on the national real estate market shared by Windermere’s Chief Economist, Matthew Gardner at our Market Forecast two weeks ago:

  • The Case-Shiller Home Price Index, which tracks 20 markets around the country, is still 12% below it’s 2005 peak when adjusted for inflation.
  • New Home starts in 2018 are projected to be 900,000.  In 2005 there were 1.7 million.
  • The average length of time someone lives in a home is now at 8.2 years.  In the year 2000 it was 4.2 years.
  • The homeownership rate now sits at 64% which is 1% below the long-term average.  In 2005 it spiked to almost 70%
Posted on February 2, 2018 at 1:34 pm
Eric Thompson | Category: Uncategorized

Leave a Reply

Your email address will not be published. Required fields are marked *