Are Home Values Really Overinflated

April 2018 marks the 74th straight month of year over year gains in median home prices. With continuous gain, Does that mean that current home prices are overinflated again?

NO.

And here is why.

If the housing bubble and bust had not happened and home values had instead appreciated at a steady pace, the median home value would be higher that its current value…Zillow

Based on historic appreciation levels, we should be very comfortable that current home values are NOT overinflated.

Let’s get together to discuss your home’s value or options for buying a home.