US prices are really coming down. Here in Oregon new construction is way off and sales overall are down. Prices will follow down too.
I don’t know where you get your numbers. I recommended Portland as a great investment – low average prices, strong economy, etc. in 2013 – 2017 in my newsletter. I have no specific numbers at hand for 2019. I DO know this: Total U.S. Homeowner Equity hit a record $15.8 trillion in 2019. Homeowners enjoy a $9.7 trillion gain in equity in the last 10 years, up from $6.1 trillion in Q1 of 2009. That is huge and against a backdrop of bad news from 2009 – 2012. In my view – now that the world is going into a zero-interest environment…all hard asset prices are bound to rise (continuing the relentless 55-year climb).