National vs Local Trends: "Reversion to the Mean"
Town & Country Residential Appraisals
FEBRUARY 24, 2020
Above: 1970-2019 National median home price % increase VS. home construction % increase. There is lots of talk of national home prices increasing since 2008 and having stalled in 2018-2019 and what the possible causes could be, but what does that have to do with our local market. For years the national trend has been increasing at around 3% per year, however, very few areas in western Pennsylvania have seen this kind of return.
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