Note: Data as of July 2016
1. Index is back to pre-recession levels
2. Housing prices took 10 years to reach the pre-recession levels
3. Housing as an asset class negative returns over 10 year period. The annualized 10-year returns are -1%.
4. Anything purchased at low level is a good buy - housing purchased in recession years (2009, 21010, 2011, 2012) - have given good returns. The 3-year and 5-year annualized returns are about 5%.
5. The Schiller index only talks about average. As seen in Bloomberg article (Sept 2016) about home prices in Greenwich, Connecticut, owners are not able to sell expensive houses even after 2-4 years on the market. Often, they are having to mark down the prices 20%.
1. Index is back to pre-recession levels
2. Housing prices took 10 years to reach the pre-recession levels
3. Housing as an asset class negative returns over 10 year period. The annualized 10-year returns are -1%.
4. Anything purchased at low level is a good buy - housing purchased in recession years (2009, 21010, 2011, 2012) - have given good returns. The 3-year and 5-year annualized returns are about 5%.
5. The Schiller index only talks about average. As seen in Bloomberg article (Sept 2016) about home prices in Greenwich, Connecticut, owners are not able to sell expensive houses even after 2-4 years on the market. Often, they are having to mark down the prices 20%.
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