Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low.
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If you're wondering what’s happening with home prices, know they’re still rising, just at a slower pace – and that’s perfectly normal for this time of year.
If your listing expired and your house didn’t sell, you’re likely feeling a little frustrated.
Looking at monthly home price data from six expert sources shows the worst home price declines are behind us, and they’re rising again nationally.
- It’s important to understand history proves an economic slowdown does not equal a housing crisis.
- In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice – minimally in the early 90s and then by nearly 20% during the housing crash in 2008.
Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023.
- If you’re wondering what a potential recession could mean for the housing market, here’s what history tells us.
- In four of the last six recessions, home prices actually appreciated, only falling during the early 90s and the housing crash in 2008. Mortgage rates, though, declined during each of the previous recessions.
The increasing effects of natural disasters are leading to new obstacles in residential real estate.
- According to the latest data from CoreLogic, the average homeowner gained $64,000 in home equity over the past 12 months.
- That much equity can be a game-changer when you move. When you sell, it could be some (if not all) of what you need for a down payment on your next home.
While home prices vary by local area, they’ve already hit their low point nationally, and now they’re starting to rise again.
With ongoing high inflation pushing up everyday costs, some people are worried that'll create a flood of foreclosures. Here's why that's unlikely.
If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership.
Comparing housing market metrics from one year to another can be challenging in a normal housing market – and the last few years have been anything but normal. In a way, they were 'unicorn' years.
Countless people have set out on the exciting journey of homeownership.
If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come.