Averages and Mesa Real Estate
Prices doubled or tripled in the late nineteen nineties and through the early two thousands in the Mesa real estate market. The same trend followed a lot of rapid growth regions along the Sun Belt but it also affected the United States housing market as a whole. Prices in the housing market follow this law of mean reversion too - after periods of rapid price appreciation (or depreciation), they revert to where their long-term average rates of appreciation indicate they should be. Home price mean reversion can be a rapid process or gradual process, but either way it is something to keep in mind if deciding to buy a home in a depreciating market.