What's Normal?

OK chart-junkies...here's anther creation. I plotted the Case-Shiller value index for the 22 years the index has recorded data for South Florida. I split the chart up into:

"Normal" 1987 to 2000

"Boom" 2001 to 2006 and

"Bus..."; I mean "Change" 2007 to present.

This study would suggest that normal appreciation of single family homes is about 2.98% (the annual rate for 1987 to 2000). We experienced over 100% appreciation in just 5 years and have given back just under 65% in the last few years.