Some say history repeats itself, and in the case of home values, the Shiller Index indicates a likely predictable future.   This analysis tracks the value of standard existing home sales, factoring out the effects of inflation.  The data they’ve prepared challenges the perception that home prices are on a continual upswing, and presents more consistent tendencies over the past 116 years.  Shiller acknowledges the drops and spikes, and attributes them to World War I, The Great Depression, and World War II, as well as the regional coastal bubbles and booms. They reach the conclusion that we have likely seen the “bottom out” around 2011, and maintain focus on the remarkable consistency in which levels return to their 1890 relative values. 

If you, or someone you know, are looking to evaluate your real estate investment options, feel free to contact us any at 540 South York St. in Elmhurst, or at (630) 567-5902, or visit us on the web at!