. . . on Housing Prices
Yes, I’m aware that it’s “Spring Forward, Fall Back” — and that everyone needs to set their clocks one hour ahead this Saturday night.
However, the clock (at left) refers to housing prices: depending on the market and neighborhood, on average homes now fetch what they did 6-8 years ago (or even further back).
Even that stunning reversal understates things, when you consider that very few other things still cost what they did in 2004.
In particular, cars, health care, college tuition and practically every other big ticket item on families’ list of expenditures is up considerably since then (not to mention “small” items like food, utilities, cable TV, tickets to sporting events, etc.).
