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Home values have doubled, compared to 10 years ago

How have home values changed during the past decade?

The “sample home” is a one-bedroom unit, purchased in July, 2006.

Time period Sample home 02116 Boston Suffolk County MA US

30 days 1.1% 1.5% 0.6% 0.7% -0.1% -0.7%

1 year -2.6% 8.7% -6.5% -7.9% -5.4% -6.2%

5 years 11.4% 33.3% 7.7% 5.1% 9.2% 30.6%

10 years 99.8% 112.8% 125.6% 139.2% 111.8% 98.4%

Since 7/2006 12.1% 10.8% -7.2% -9.2% -7.6% -7.3%

Source: Zillow.com


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One Response to “Home values have doubled, compared to 10 years ago” »»

  1. Comment by Anon | 07/11/08 at 12:00 pm

    Most of the price jump in housing is because the Fed forced down mortgage interest rates from 9% to 6%. Unfortunately this move had some very unfortunate side-effects such as the ongoing destruction of many large financial institutions around the world. We will end up paying very dearly for the Feds housing bubble and its recent bail-out efforts.

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