Housing Market in 2000s? A Great Decade!

Housing market trend of the decade? Real estate is actually in a better position than it was in 2000
Housing market trend of the decade? Real estate is actually in a better position than it was in 2000

To all the Henny Pennys of the world who think the housing market is in dire straits, Forbes.com reminds us that the 2000s were actually a great decade for real estate overall. According to Stephanie Fitch, the value of a square foot in the U.S. is actually up 58 percent since we started the decade. Even after considering the housing bubble and ensuing mortgage crisis, that's still an average annual gain of 4.3 percent in value per square foot. Read on for Fitch's full analysis.

With all the teeth-gnashing over the real estate bubble, the bust and the mortgage mess, you can be forgiven for failing to notice this little tidbit: Housing had a superb decade.

In fact, the value of a square foot of housing in the U.S. is up 58% from its January 2000 level, according to data from New York housing analytics firm Radar LogicRadar Logic on the 25 largest U.S. metropolitan areas. That represents an average annual gain of 4.3% in the value of one square foot of housing.