Anything “retro” seems to be quite popular, from graphic t-shirts with 80’s rock band logos to entire television channels dedicated to classic tv shows. Even the fashion looks that were made fun of have been reintroduced with cooler names (ever notice how “boot cut” jeans are simply “bell bottoms”?)
But when it comes to real estate and housing markets, reverting back to “retro” housing prices is not considered cool. If anything, housing prices that match those of 10+ years ago are an indication that our country’s serious economic issues are far from over.
In this latest report from John Burns Consulting, they analyze how some markets have seen their housing prices continue to drop, matching those of 1997 in some areas. They also offer tips about how to find a suitable market for investing.
