• English
  • Español
AGENTS: Did you know you can share a personalized version of this post? Learn more!
, , , ,

House Prices: Explaining the Recent Uptick

Several pricing indices have reported that, on a month-over-month basis, home values have ticked up slightly over the last quarter. This has caused some to call the bottom to the housing market – at least from a price standpoint. We must realize that prices are determined by supply and demand.

Demand has indeed shown improvement in many parts of the country. However, the supply side of the formula is being impacted by legal issues. The number of foreclosures coming to market has been slowed dramatically by the courts as the banks still struggle with improperly filed paperwork. This inventory will eventually find its way to the market and again put downward pressure on values.

Here is a chart showing the challenge:

Bottom Line

If you are selling, there currently is a window of opportunity to get your best price before the distressed properties are released.


Members: Sign in now to set up your Personalized Posts & start sharing today!

Not a Member Yet? Click Here to learn more about KCM’s newest feature, Personalized Posts.

6 replies
  1. Aaron J Rosen
    Aaron J Rosen says:

    You guys are spot on again! I cant tell you how many sellers (or clients thinking of selling) I’ve told this too! It’s so great to be able to direct them back to a credible source so they know I’m not the only one who is saying this and knows this truth!

    thanks guys!

    Reply

Trackbacks & Pingbacks

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *