Comparing Today's Housing Market to That of the "Unicorn Years" Is Misleading

Recent years in the housing market have been extraordinary, earning it the label of 'unicorn years. During this time we saw skyrocketing growth and record-breaking figures that seemed impossible. Yet it's important to remember that these years were unique and should never be compared with what's happening today; doing so only leads to confusion and unnecessary worry. Let's explore why making comparisons between current market activity and that of unicorn years can cause unnecessary worry and discord. 

The "Unicorn Years: An Anomaly

The "unicorn" years were marked by exceptional factors, such as low mortgage rates, robust job growth and limited housing inventory - conditions which combined to produce an unparalleled boom that couldn't be repeated. While it was certainly exciting times in the market, its rapid pace cannot continue unabated forever.

Comparing Apples to Oranges

Now that the housing market is stabilizing, its growth rate is gradually slowing down. Comparing it to the "unicorn" years can be misleading; sensationalist headlines could create unnecessary panic. As markets return to healthier, more sustainable states it's essential that we recognize this difference between exceptional past events and stable present reality.

Predicting the Current Housing Market

Understand that rapid price escalation seen during "unicorn" years is unsustainable. Instead of chasing unrealistically rapid price growth, focus on realistic opportunities within today's market instead. Both buyers and sellers can find advantages within such an equilibrium; long-term stability is far more valuable than temporary magic.

Though the "unicorn" years of the housing market were impressive, they should not be seen as typical. Comparing today's market with that period can cause confusion and misapprehensions; embrace its stability and make decisions with realistic expectations in mind; avoid sensationalized headlines that promise great gains but fall short over time; true value lies in long-term sustainability rather than fleeting magic.