A history of home values

[JC California]

This is an interesting video on the history of home values. The chart goes back to 1890 and was adjusted for inflation.


http://www.glennbeck.com/content/articles/article/198/22010/

 

[Bob Ipock]

The video is about "prices".....not values.

The very reason we are in the gutter is due to the run up of prices based on unsupported values.

 

[JC California]

I posted what was on the web page.

A history of home values
The average price of housing hasn't really changed (adjusted for inflation) aside from the Great Depression. What is the other period that sticks out as being fantastically different? You guessed it -- right now. It's in the other direction, but that's possibly even more dangerous.


The Yale economist Robert J. Shiller created an index of American housing prices going back to 1890. It is based on sale prices of standard existing houses, not new construction, to track the value of housing as an investment over time. It presents housing values in consistent terms over 116 years, factoring out the effects of inflation.

 

[Mike Kennedy]

Tried the link, got to the website, the video?? wouldn't play.

 

[Pamela Crowley (Florida)]

That chart doesn't surprise me, and shows where housing prices MUST go.

 

[JC California]

Tried the link, got to the website, the video?? wouldn't play.

It worked yesterday.

Try this... http://www.glennbeck.com/content/articles/article/198/22010/

 

[Mike Kennedy]

http://www.glennbeck.com/content/articles/article/198/22010/ must not like my PC

 

[JC California]

http://www.glennbeck.com/content/articles/article/198/22010/ must not like my PC

I tried it again and it was ok.

Try a search on the site at the top right of the page.

Search - A history of home values

 

[Riick]

Youtube:

http://www.youtube.com/watch?v=bRK_YEXzrGA

.0987654321

 

[tmon43]

We were discussing this at breakfast this AM and it occured to me that graph maybe misleading. The graph shows home values adjusted for inflation over the last 100 years or so. But what the graph doesn't seem to factor in is the difference between what was an average home in 1900 (1200+/-SF 2 story with 3/4 BR and 1 bath) vs 1950 (900 SF ranch with 3 BR and a bath) vs 1970 (1250 SF split with 3 BR, 1.5 baths) vs today (2500+SF 2 story, 3-4BR 2-2.5 baths). I am not implying that the market did not recently over value houses, I am merely stating that the effect of the market may have been overstated in not accounting for the tremendous differences between the typical older house vs today's much larger one. On the other hand the correction may end up being much worse since at some point these larger modern houses will more than likely fall out of favor with typical buyers who do not want the expense of heating, cooling, furnishing and maintaining such large homes on an everdwindling income.