Insider Discussion – Home Prices Have Doubled! Does This Mean a Crash Is Next?
Insider Discussion – Home Prices Have Doubled! Does This Mean a Crash Is Next?
Did real estate prices really double since 2013?
Yes! Low supply and high demand caused a huge boom. But is another crash coming? Let’s discuss!
I hope this information was helpful! If you are considering buying or selling a home, I would love to talk to you. I am a seasoned agent with over 24 years of experience in the local real estate market. I would love to be able to get you the financial result you desire from your current home to get you in to that Dream Home! Don’t hesitate to call me anytime at 260-579-1516 or you can email me at mike@mikearchbold.com.
Did Real Estate Prices Really Double Since 2013? Here’s the Truth
Yes, they did. In many markets—including right here in Fort Wayne—home prices have more than doubled since 2013. What caused this massive surge? A combination of low supply, high demand, record-low interest rates (especially in 2020-2021), and a flood of new buyers entering the market. But now that prices have soared, many are asking: Is another crash coming?
A Decade of Unprecedented Growth
Back in 2013, the U.S. was still climbing out of the housing crisis. Interest rates were higher, lending was tighter, and prices were just beginning to rebound. Fast forward to 2025, and we’ve seen:
- National home prices increase by over 100% in some areas
- Fort Wayne’s median home value rise from under $100,000 to well over $200,000
- Inventory at historic lows, especially during the pandemic
- Millennials and investors competing fiercely, driving bidding wars
Why Prices Skyrocketed
Several key factors drove this boom:
- Limited Inventory – Builders couldn’t keep up with demand, especially after the slowdown in new construction post-2008.
- Historically Low Interest Rates – Mortgage rates dipped below 3%, making monthly payments more affordable and encouraging buying.
- Remote Work Flexibility – Buyers moved out of expensive metro areas to more affordable cities, driving up demand in secondary markets.
- Investment Activity – Wall Street and short-term rental investors jumped in, buying up properties in bulk.
Is a Crash Coming?
This is the question on everyone’s mind. While price appreciation has slowed and mortgage rates have climbed, we’re not seeing the kind of reckless lending that led to the 2008 crash. Here’s what we are seeing instead:
- More cautious lending standards
- Stronger buyer equity
- Slower price growth—not price drops
- Regional differences (some hot markets are cooling faster than others)
In other words: A full-on crash is unlikely—but corrections and shifts are already happening.
What Should Buyers and Sellers Do Now?
If you’re a buyer, opportunities are emerging—especially if you’re patient and pre-approved. If you’re a seller, pricing strategically and working with a local expert is more important than ever.
Curious what your home is worth now? Thinking about jumping in while rates are still below historic averages?
👉 Let’s talk.
Michael J Archbold
Associate Broker, REALTOR, ePro
RE/MAX Results
8101 Coldwater Rd
Fort Wayne, IN 46825
c. 260-579-1516
e. Mike@MikeArchbold.com
w. www.MikeArchbold.com
Oh, by the way… if you know of someone who would appreciate the level of service I provide, please call me with their name and business number. I’ll be happy to follow up and take great care of them.
Why Does RE/MAX Results Stand Out Among the Competition?
Simply put: Relationships. We pride ourselves not only in our professional service but more importantly in the personal touch we bring to our business. Has an agent/lawyer/contractor/vendor ever treated you like you were just another paycheck? The reason our clients come back time and again and refer all their friends and family to us is because they know we are part of the family.
Genuinely caring about the people we serve enables us to do things other agencies can’t. Rest assured, we will ALWAYS have your best interest at heart and work vigorously to get you the best deal possible on your home or business. The relationships we build with our clients enable us to work 100% by referral.
The reason we are able to give top notch service to our clients is because our clients refer us a constant stream of quality family and friends to assist in their real estate needs. While other agents are out making cold calls and chasing “potential” leads, we are freed up by our referral base to service our clients like no other broker can. We are never too busy for your referrals!
Want to experience the difference for yourself? Call or text me today at 260-579-1516.
“Professional Service with a Personal Touch“
We’re Here To Help
Are you or someone you know considering a home purchase? Don’t hesitate to call or text me, Michael Archbold, at 260-579-1516 and I will connect you with the best mortgage professionals in the business who can get you your score, discuss ways to improve it if necessary, and put you on the path to home ownership. Click here to read more about our Buyer Services. Click here to browse listings NOW! Looking to sell your home? Call today to set up an appointment to begin developing your customized marketing plan. Click here to read more about our Seller Services.
Hoosier Home Listings by RE/MAX Results is a full service real estate Web site serving Northeast Indiana. We assist residential and commercial clients in locating, buying, and selling real property in the State of Indiana including but not limited to the counties of Allen, Huntington, Wells, Adams, Whitley, Wabash, Kosciusko, Noble, Dekalb, Lagrange, Steuben and cities including Fort Wayne, Decatur, Bluffton, Huntington, Warsaw, Columbia City, Butler, and Angola. RE/MAX Results is an Equal Housing Opportunity company.
Hoosier Home Listings – Insider Discussion – Home Prices Have Doubled! Does This Mean a Crash Is Next? …
… brought to you by Michael Archbold, Hoosier Home Listings, and RE/MAX Results.
The consummate professional, Michael Archbold (Associate Broker, REALTOR, ePro) brings a diversified background to the world of real estate. Born and raised in Fort Wayne, Mike graduated Wayne High School in 1992. He received bachelors degrees in Accounting in 1997 from Indiana University and Information Technology in 2005 from Indiana Wesleyan University. Mike comes to Re/MAX with more than 20 years of experience in sales and accounting. He began his career in real estate in 2000 as an investor.
