🚨🏠 ATTENTION: Have you seen what's happening with home prices in the United States? 🏠🚨 Check out this chart showing the staggering increase in average home prices since August 2020, just a few months into the pandemic. Back then, the average home price was at $74... But fast forward to now, and it's through the roof! 📈💰 Why isn't this making headlines everywhere? 🤔 Let's talk about what's going on with the housing market and how it's affecting everyone. Watch the full video 👉 https://lnkd.in/guhRFNBW
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Thinking about buying a home or selling your current one to find a better fit? If so, you might be wondering what's going on with home prices these days. Here's the scoop. The latest national data from Case-Shiller and the Federal Housing Finance Agency (FHFA) shows they're going up. As you can see, home prices were rising for most of 2023. But over the course of December and January, they were virtually flat - which is pretty normal for that time of year. But here's what you need to know now. As of February, when the spring market kicked off, prices were on the rise again.
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𝗗𝗶𝘀𝗶𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻, 𝗡𝗼𝘁 𝗗𝗲𝗳𝗹𝗮𝘁𝗶𝗼𝗻 New home prices are much lower than a year ago. The average price of a new home sold in October was 10.4% lower, while the median price was down 17.6%. Records on new home prices go back all the way to the Kennedy Administration and never before has the median new home price dropped so much in twelve months, even during the bursting of the housing bubble in 2007-11. Is this a signal that monetary policy has become excruciatingly tight, that deflation – an outright and generalized drop in consumer prices – is about to grip the US economy? Hardly. --- 𝘊𝘭𝘪𝘤𝘬 𝘵𝘩𝘦 𝘭𝘪𝘯𝘬 𝘢𝘵 𝘵𝘩𝘦 𝘦𝘯𝘥 𝘰𝘧 𝘵𝘩𝘦 𝘱𝘰𝘴𝘵 𝘢𝘯𝘥/𝘰𝘳 𝘵𝘩𝘦 𝘪𝘮𝘢𝘨𝘦 𝘵𝘰 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦 𝘳𝘦𝘢𝘥𝘪𝘯𝘨 --- from ftportfolios.com. Disclaimers: https://rfr.bz/l8qxhtx https://rfr.bz/l8qxhtw
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𝗗𝗶𝘀𝗶𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻, 𝗡𝗼𝘁 𝗗𝗲𝗳𝗹𝗮𝘁𝗶𝗼𝗻 New home prices are much lower than a year ago. The average price of a new home sold in October was 10.4% lower, while the median price was down 17.6%. Records on new home prices go back all the way to the Kennedy Administration and never before has the median new home price dropped so much in twelve months, even during the bursting of the housing bubble in 2007-11. Is this a signal that monetary policy has become excruciatingly tight, that deflation – an outright and generalized drop in consumer prices – is about to grip the US economy? Hardly. --- 𝘊𝘭𝘪𝘤𝘬 𝘵𝘩𝘦 𝘭𝘪𝘯𝘬 𝘢𝘵 𝘵𝘩𝘦 𝘦𝘯𝘥 𝘰𝘧 𝘵𝘩𝘦 𝘱𝘰𝘴𝘵 𝘢𝘯𝘥/𝘰𝘳 𝘵𝘩𝘦 𝘪𝘮𝘢𝘨𝘦 𝘵𝘰 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦 𝘳𝘦𝘢𝘥𝘪𝘯𝘨 --- from ftportfolios.com. Disclaimers: https://rfr.bz/l8qxhtx https://rfr.bz/l8qxhtw
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Home prices reached a new record high in May after the national median existing-home price hit $419,300, according to National Association of Realtors (NAR) data. It represents a 5.8% increase from a year ago. In last Friday's We Study Markets, we discussed the biggest stories in the markets: why home prices keep climbing higher, and the next act for Blackstone’s $339 billion property arm. Stay in the loop! https://lnkd.in/gwU8hEca
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Interest rates, the job market, and other economic factors often shift the housing market, but seasonality also plays a role in home values. Analysts say you can time your sale for a bigger return. November through February tends to be the slow season for home sales, http://ow.ly/ViHj1051yG3
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This is interesting....thought I would share. Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening. Some say home prices are heading for a correction, but what do the facts say? Well, it helps to start by looking at what a correction means. Here’s what Danielle Hale, Chief Economist at Realtor.com, says: “In stock market terms, a correction is generally referred to as a 10 to 20% drop in prices . . . We don't have the same established definitions in the housing market.” In the context of today’s housing market, it doesn’t mean home prices are going to fall dramatically. It only... Lic#BS.0145013
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There’s been a lot of misleading information about home prices over the past year. And that’s still having an impact on how people are feeling about the housing market today. But it’s best not to believe everything you hear or read. The data actually shows that overall prices are up year over year. Read more for the fullest picture and contact me anytime with any questions about the market @ 571-210-1866 #realtor #realestateadvice #realestateconsultant #NOVArealtor #NOVArealestate #marketstatistics #whatshappeninginthemarket #whoyouworkwithmatters #listingtips #homesellingtips #listingagent #homebuyingtips #HOMESBYMASON
Don’t Believe Everything You Read About Home Prices
simplifyingthemarket.com
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PropTech - Manager - iBuyer - Broker - Licensed MA, NH, & ME Real Estate Broker - Humanoid & AGI Investor
Despite a general slowdown in home price growth, Boston, MA has still experienced a significant increase, with a 11.4% gain year-over-year. Check out the latest Redfin Home Price Index for more information. https://lnkd.in/eKDr7Y6p #RealEstateTrends #BostonHousingMarket #HomePriceIndex #BostonRealEstate #RedfinIndex #redfin #MarketGrowth
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Late last year, some housing experts projected a 2023 crash in home prices. The media hyped up these forecasts with doom and gloom headlines. This made some people put their plans to move on hold for fear home values would come tumbling down like they did in 2008. It’s your job to use data and visuals to show them that didn’t actually happen. Let’s clear the air and get to the facts. Despite the media’s stormy predictions, home prices didn’t crash – not even close. The real data tells a different story. Take a look at this graph showing three trusted sources, and you’ll see that prices bounced back quickly after experiencing only minor declines last year (see graph below): This proves the declines we did see weren’t dramatic but were short-lived.
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Thinking about buying a home? If so, it’s a good idea to know what the experts project for home prices over the next few years. Prices are expected to rise not just next year, but through 2027. So, if you were worried prices will fall, rest assured experts say they’ll climb for years to come. DM me today if you want to learn more about housing market forecasts or home prices near us. #priceforecast #homeprices #RelationshipsNotTransactions #GetBetterEveryday #ownthemoment #texaslender #ExperienceIsEverything #CreateStrongCommunities #krisbakerloans
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