Are Home Prices Already Done Falling?
Some people might like the idea of perpetual appreciation in the housing market, but others know that the industry was badly in need of a cool-down after values surged at an unprecedented pace post-pandemic. While the interest rate spike of 2022 wasn't entirely unprecedented, it was the fastest in decades and it left no doubt as to when home prices should embark on the much-needed correction.
Two of the most official methods to track home price progress are the FHFA and Case Shiller Home Price Indices (HPIs), released concurrently once per month. January's update just came out this morning and the results are mixed.
In annual terms, price appreciation continues to decline rapidly:
Based on price trends over the past 12 months, it would be almost impossible for the annual p
Sorry, the comment form is closed at this time.