The 5-Year Rule for Home Prices

Are you worried about home prices dropping? Here’s the 5-year rule every buyer should know. If you plan to stay put for at least 5 years, history says you’ll likely have a buffer from any short-term dips. That’s because home values tend to rise over time. Even with recent drops in some markets, in most places, prices are still up considerably compared to just 5 years ago. That’s the power of the long view. Let’s talk about what the latest price trends are in our local market – and what that means for your move.