1988 was a housing crash year almost as severe as 2008. Anybody who actually cares about true statistics will acknowledge that housing prices over the years always settle at 4% annual appreciation. Some factors will make for changes in this such as economic areas where the income has escalated, or the expansion of the job market has improved for that location. People also never acknowledge that today's home construction is what was considered to be only luxury homes of the past.
1988 was a housing crash year almost as severe as 2008. Anybody who actually cares about true statistics will acknowledge that housing prices over the years always settle at 4% annual appreciation. Some factors will make for changes in this such as economic areas where the income has escalated, or the expansion of the job market has improved for that location. People also never acknowledge that today's home construction is what was considered to be only luxury homes of the past.