- Houston-Area Home Prices Have Increased Nearly 30% Since 2000, Finds Harvard Study [Houston Chronicle]
- Stream, AMD To Develop 5-Story Medical Office Building in Memorial Villages Area [HBJ]
- Why Remington Square III Is Catering to Smaller Tenants [HBJ ($)]
- Astrodome Architect Ralph Anderson’s Courtyard Home in Boulevard Oaks Still Looking for a Buyer [abc13; previously on Swamplot]
- New Audit Shows Lack of Fire Marshal Building Inspections Across Houston [abc13]
- Health Museum Unveils Solar-Powered Air Monitoring Station [Houston Public Media]
- Aluminum Cladding Used on London Tower That Burned Is Banned for Use in U.S. Tall Buildings [Independent]
- Will Drones Lead to a Boom in Landscape Architecture? [CityLab]
Photo of the Chambers County Courthouse: Russell Hancock via Swamplot Flickr Pool
Well, once you consider cumulative inflation since 2,000 is about 40%, seems pretty dismal. (Doesn’t seem to say they’re adjusting for inflation anywhere either)
Commonsense, good point.
Assuming 2% inflation. 1-(1-0.02)^(17 years)=30%
So real estate has maintained its value. I’d have to look up actual stats but from memory inflation was officially lower than 2 so that means sight appreciation. Unofficial stats over 2 mean slight depreciation.
In a healthy non land constrained market, real estate values following inflation and poison growth is what should be expected.
Population, not poison… phone autocorrect.