I read yet another “warning” this week of an impending housing bubble and so I decided to put together a very simple table showing what has happened in recent years in the stock market compared with the housing market. I have used the Dow Jones 30 share index and the Case-Shiller 20 city index (which reports in arrears).
Here are the results:
The dates chosen represent the peaks and troughs in these indices.
Any one see a housing bubble there?
If you are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 781.631.1223 or andrew@HarborsideRealty.com.
Andrew Oliver is a Realtor with Harborside Realty in Marblehead.