Part 2/16:
A Historical Perspective: Lessons from 2000-2012
To understand where the housing market might be headed, it’s essential to look back at the last two decades. In 2000, the average American home was worth around $207,000. That was also the period of the dot-com bubble, which burst in 2001, causing a slowdown in the economy and a subsequent lowering of interest rates by the Federal Reserve to stimulate growth.