When Will We Stop Comparing To 2005?
Am I the only one who’s growing weary of the endless real estate market comparisons to 2005?
Yeah, 2005 was just great ~ everyone and their cat got their real estate licenses, we had busloads of speculators/flippers flooding into the Boise area trying to buy every home in some of our subdivisions, and everyone thought homes would continue to appreciate at 24% per year forever.
Now that we are back to a normal market, the media remains obsessed with comparisons to the 2005 real estate market.
Guess what, folks ~ 2005 was an aberration, an anomaly, unrealistic, and (insert your own description here).
2005 was then; 2008 is now!
The market we have is the market we have and all of those silly comparisons to 2005 are meaningless.
I wonder if the media will still be comparing current real estate market statistics to 2005 in 2015?
August 16th, 2008 Posted in Boise Market Stats, Combined Market Stats
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