amid this year’s icy buying trend. And many analysts are offering “don’t worry” prognostications.
Next, consider the size of the crash era’s losses — an abrupt change from when that housing bubble was inflating. Nationwide, the turnabout was not as spectacular as losses averaged 2% a year in the six-year crash vs. 8% annual gain in preceding 2001-06.So I turned my spreadsheet into a time machine of sorts, axing the six crash years from housing’s history books. Essentially, what do home prices do when they’re not taking an epic flop?
The caveat to many of 2022’s “it’s different this time” forecasts is the chance for regional price drops. Well, the national slice of my “non-crash” history agrees.
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