If headlines saying home prices would drop 20% had you worried about a crash, check this out. Nationally, they’ve already hit their low point, and now they’re starting to rise again.
Last July, month-over-month prices started to decline. But around February, prices started to climb back up.
“…just five months ago, prices were declining on a seasonally adjusted month-over-month basis in 92% of all major U.S. markets.
Fast forward to March, and the situation has done a literal 180, with prices now rising in 92% of markets from February.”
– Andy Walden
VP of Enterprise Research, Black Knight
While home prices vary by local area, early signs show the worst home price declines are behind us.
If you put your plans to move on hold until home prices stabilized, let’s connect to discuss if now is the right time.
Sources: Cases-Shiller, FHFA, CoreLogic, Black Knight
Some Highlights
– While home prices vary by local area, they’ve already hit their low point nationally, and now they’re starting to rise again.
– Last July, prices started to decline, but around February, they – began climbing back up.
– If you put your plans to move on hold waiting to see what would happen with home prices, let’s connect to discuss if now’s the right time to jump back in.
**We are a paid keeping current matters client, this post was written by keeping current matters.