A lot of home price headlines right now are misleading. Here’s the bad news: even more of those headlines are coming. But I can help you understand what’s actually happening. Take a look
What are people misunderstanding about home pricing
Dated: August 1 2023
A lot of home price headlines right now are misleading. Here’s the bad news: even more of those headlines are coming. But I can help you understand what’s actually happening. Take a look at this.
This graph shows the forty-eight-year average for monthly home price movement. The last few years aren’t in here because nothing about those years were normal. I call those the unicorn 🦄 years. What this shows is what normally happens in the market.
Home price growth starts off slow at the beginning of the year, and really ramps up in the spring. That’s the peak homebuying season. Then, it cools off in the second half of the year.
Now, what you don’t see anywhere on this graph are red bars. That’s because it isn’t showing prices falling.
As we move into the second half of the year, price growth is gonna slow down. And headlines are gonna get it wrong and say prices are falling. Don’t listen to them. Listen to me. It’s my job to help you understand the facts, so you can stay one step ahead. Have questions? Let’s connect.
Kristina Young- Philbin is Team Leader for The Infinity Home Team at EXP Realty. Licensed since 2009 and working full time the Real Estate industry. Born and Raised in the Omaha Nebraska Metro and has....