NAR Infographic: Groundhog Day and Real Estate
Tweet
Share
E-mailWASHINGTON, Feb. 1, 2017 /PRNewswire/ -- Can a groundhog and his shadow predict the strength of the housing market? Here is what happened the past 20 years in real estate when Punxsutawney Phil climbed out of his hole; does seeing his shadow extend to real estate? You decide.
|
Shadow of a Doubt: Groundhog Day and Real Estate | |||||||
|
Year |
Shadow |
Home Sales Increase |
Home Price Increase |
Year |
Shadow |
Home Sales |
Home Prices |
|
1996 |
Yes |
8.3 |
4.6 |
2007 |
No |
-22.3 |
-1.3 |
|
1997 |
No |
5.0 |
5.2 |
2008 |
Yes |
-18.3 |
-9.5 |
|
1998 |
Yes |
13.5 |
5.3 |
2009 |
Yes |
5.6 |
-12.9 |
|
1999 |
No |
4.3 |
3.9 |
2010 |
Yes |
-3.5 |
0.2 |
|
2000 |
Yes |
-0.1 |
4.1 |
2011 |
No |
1.7 |
-3.9 |
|
2001 |
Yes |
3.1 |
6.6 |
2012 |
Yes |
9.4 |
6.4 |
|
2002 |
Yes |
5.6 |
7.7 |
2013 |
No |
9.2 |
11.5 |
|
2003 |
Yes |
9.6 |
8.4 |
2014 |
Yes |
-2.9 |
5.7 |
|
2004 |
Yes |
9.7 |
9.3 |
2015 |
Yes |
6.3 |
6.8 |
|
2005 |
Yes |
4.5 |
12.4 |
2016 |
No |
3.8 |
5.2 |
|
2006 |
Yes |
-8.5 |
1.0 |
Sees no shadow |
0.3 |
3.4 | |
|
Sees a shadow |
2.8 |
3.7 | |||||
*Averages based on YoY median sales price and median existing home sales increases from 1996-2016.
The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing more than 1.1 million members involved in all aspects of the residential and commercial real estate industries.
Information about NAR is available at www.realtor.org. This and other news releases are posted in the "News, Blogs and Videos" tab on the website.
For further information contact:Sara Wiskerchen, 202/383-1013[email protected]
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nar-infographic-groundhog-day-and-real-estate-300400651.html
SOURCE National Association of Realtors
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Xinhua Silk Road: 2026 National Road Cycling Championships concludes in Shenyang, Liaoning
- apg Solutions Appoints Wade Reitmeier as Vice President of Product & Engineering and Confirms Bart Hoemann as Vice President of Operations
- Prepayments, Realkredit Danmark A/S
Create E-mail Alert Related Categories
Press ReleasesRelated Entities
Existing-Home SalesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
