Here’s an interesting piece from NPR, headlined ‘It Was a Good Decade for Home Prices. Really.’:
Sure, there was a lot of sound (the housing bubble grows) and fury (the bubble pops) in the last decade.
But numbers released this morning show that home prices rose by 46% between January 2000 and December 2009.
That’s way above the rate of inflation. So odds are if you bought a house at the beginning of the decade and sold it at the end of the decade, you made money.
That’s a big deal, given how many people (who don’t wind up as anecdotes in news stories) buy a house and live in it for 10, or 20, or 30 years.
So if you were a buyer in the last few years, cheer up!