The media has been sounding alarm bells about an impending real estate crash for years now. Clickbait headlines and sensationalized news stories have driven traffic and revenue for many news organizations, but the data used to support these articles often lacks perspective or is woefully misrepresented.
If you’re on the fence, hear this now: it is incredibly rare for real estate to decline in value.
For instance, in Jacksonville, Florida, home values have only declined on an annual basis once…