{"id":7092,"date":"2017-11-13T00:00:00","date_gmt":"2017-11-13T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/realtor-com-housing-boom-is-officially-back\/"},"modified":"2017-11-13T00:00:00","modified_gmt":"2017-11-13T00:00:00","slug":"realtor-com-housing-boom-is-officially-back","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/realtor-com-housing-boom-is-officially-back\/","title":{"rendered":"Realtor.com\u00ae: Housing Boom Is Officially Back"},"content":{"rendered":"

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Housing<\/a> prices have returned to the \u201cboom levels\u201d of a decade ago, but this time around, the fast appreciation is being fueled by strong supply-and-demand dynamics rather than predatory lending practices, investor speculation, and too much construction, according to new realtor<\/a>.com\u00ae data released Monday.<\/p>\n

\u201cAs we compare today\u2019s market dynamics to those of a decade ago, it\u2019s important to remember rising prices didn\u2019t cause the housing crash,\u201d says realtor.com\u00ae Chief Economist Danielle Hale. \u201cIt was rising prices stoked by subprime and low-documentation mortgages, as well as people looking for short-term gains\u2014versus today\u2019s truer market vitality\u2014that created the environment for the crash.\u201d<\/p>\n

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The national median price for a home in 2016 was $236,000\u20142 percent higher than in pre-recession 2006\u2014according to realtor.com\u00ae. Out of the country\u2019s 50 largest housing markets, 31 have returned to their levels during the last housing bubble. Realtor.com\u00ae researchers finger Austin, Texas, as the city that has posted the largest increases in home prices\u201463 percent\u2014over the past 10 years. Denver and Dallas have also seen some of the biggest gains, at 54 percent and 52 percent, respectively. On the other hand, three markets remained more than 20 percent below their 2006 highs: Las Vegas (25 percent below); Tucson, Ariz. (22 percent); and Riverside, Calif. (22 percent).<\/p>\n

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Source: realtor.com\u00ae<\/em><\/p>\n<\/div>\n<\/div>\n

Realtors <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Housing prices have returned to the \u201cboom levels\u201d of a decade ago, but this time around, … Realtor.com\u00ae: Housing Boom Is Officially Back<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7093,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[2890,12908,543,344,3781,408,312,41,818,479],"class_list":["post-7092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-construction","tag-home","tag-home-buying-guide","tag-housing","tag-housing-markets","tag-mortgage","tag-mortgages","tag-property","tag-real","tag-realtor"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/realtor.com_economic%20factor%20chart.png?fit=316%2C119&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7293,"url":"https:\/\/amazingproperty.com.ng\/blog\/5-housing-trends-to-watch-for-2018\/","url_meta":{"origin":7092,"position":0},"title":"5 Housing Trends to Watch for 2018","author":"Amazing Property","date":"November 29, 2017","format":false,"excerpt":"Home shoppers may have it easier in 2018. Inventory constraints of for-sale homes and rising home prices may finally start to ease next year, according to realtor.com\u00ae\u2019s 2018 National Housing Forecast. \u201cNext year will set the stage for a significant inflection point in the housing shortage,\u201d says Javier Vivas, director\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Realtor.com Chart.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/realtor.com%20chart.png?fit=607%2C211&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/realtor.com%20chart.png?fit=607%2C211&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/realtor.com%20chart.png?fit=607%2C211&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":835,"url":"https:\/\/amazingproperty.com.ng\/blog\/housing-crunch-to-hold-in-most-price-ranges\/","url_meta":{"origin":7092,"position":1},"title":"Housing Crunch to Hold in Most Price Ranges","author":"Amazing Property","date":"February 17, 2017","format":false,"excerpt":"[ad_1] Home buyers at many income levels likely will see an inadequate amount of homes for sale in their price range in the coming months, according to a new housing affordability model created by the National Association of REALTORS\u00ae and realtor.com\u00ae. The new Affordability Distribution Curve\u2014which culls data from mortgages,\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2940,"url":"https:\/\/amazingproperty.com.ng\/blog\/8-hot-markets-that-arent-facing-a-bubble\/","url_meta":{"origin":7092,"position":2},"title":"8 Hot Markets That Aren't Facing a Bubble","author":"Amazing Property","date":"April 3, 2017","format":false,"excerpt":"Record-high home prices do not necessarily indicate a housing bubble, and while real estate in some areas of the U.S. is seeing rapid appreciation, those markets are also showing signs of stability. Realtor.com\u00ae's research team sought to identify metros where home prices are soaring but a housing bubble is most\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4804,"url":"https:\/\/amazingproperty.com.ng\/blog\/housings-hottest-markets-may-2017\/","url_meta":{"origin":7092,"position":3},"title":"Housing\u2019s Hottest Markets: May 2017","author":"Amazing Property","date":"June 1, 2017","format":false,"excerpt":"[ad_1] Amid scarce supplies and high buyer demand, homes are selling fast across the country. Home prices are rising as well: The nationwide median home list price rose above $250,000 for the first time, realtor.com\u00ae reports. The median list price is 10 percent higher than a year ago. 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Based on the\u00a0rankings, Columbus, Ohio, earned the No. 1 spot as the hottest hipster market. Columbus (and more specifically its ZIP code\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Realtor.com Hipster Chart.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/realtor.com%20hipster%20chart.png?fit=1088%2C1030&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/realtor.com%20hipster%20chart.png?fit=1088%2C1030&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/realtor.com%20hipster%20chart.png?fit=1088%2C1030&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/realtor.com%20hipster%20chart.png?fit=1088%2C1030&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/realtor.com%20hipster%20chart.png?fit=1088%2C1030&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=7092"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7092\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/7093"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=7092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=7092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=7092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}