The housing market on Cape Cod has certainly been interesting to watch over the past decade…and even more exciting to work in every day! As the primary investment for most families, housing deserves a lot of attention. Especially after the housing bust of 2008-2009.
The recession has left many people wondering whether to invest in real estate again. Constantly we field questions about the market, home values, and future expectations. Our Realtor friends are put on the spot by both Buyers and Sellers: Should I sell now? Is this a good time to buy? Although none of us has a crystal ball, we are the go-to professionals for people who are not involved with the housing market every day.
Understanding recent history and knowing where we are now compared to 5 and 10 years ago is very helpful. There is lots of information to analyze, and little time to do it. The Wall Street Journal does a great job of presenting lots of information in an easy to read, graphical format. Have a look at the real numbers for housing since 2005, and you’ll gain some good insight into where we are headed:
The U.S. Housing Market in 10 Charts