On RecorderOnline.com, an interesting article discusses the real estate crash that wasn’t.

Given that real estate values can and do fall, it follows that after years of steady appreciation real estate prices were destined to stall. However, the important point is that if you bought a few years ago the odds are overwhelming that you’re ahead.

According to the National Association of Realtors, the typical existing home was worth $220,000 in September 2006. You can look at this number and say, aha, that’s down 2.2 percent from a year earlier.

But how many people sell in a year? Let’s make a more realistic comparison: In September 2002, the typical home sold for $159,000. In just four years, the typical home appreciated $61,000.

Read the whole article here.