Is the Real Estate Market Finally Getting Back to Normal?

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For the last eleven years, the housing market is normal but anything has been normal. In a general real estate market, home prices appreciate 3.7% annually. However, according to the latest Home Price Expectations survey, prices have swung since 2007:
After the bubble burst in June 2007, values depreciated 6.1% annually until February 2012. From March 2012 to today, the market has been recovering with values appreciating 6.2% annually.
These wild swings in values were caused by abnormal ratios between the available supply of inventory and buyer demand in the market. In a normal market, there would be a 6-month supply of housing inventory. Read full blog

For more info visit here: Home Buyers North Carolina

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