Oops! Home Prices Didn’t Crash After All
- nikkicloud5
- Jun 16, 2023
- 1 min read
During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year. Forecasts put doubt in the minds of many consumers about the strength of the residential real estate market. That caused people to hesitate about their home buying or selling plans as we entered the new year.
The Good News: Home Prices Never Crashed
However, home prices didn’t come crashing down and seem to be already rebounding from the minimal depreciation experienced over the last several months.
Home values seem to have turned the corner and are headed back up.
When the forecasts of significant home price appreciation were made last fall, they were made with megaphones. Mass media outlets, industry newspapers, and podcasts all broadcasted the news of an eminent crash in prices.
Now, forecasters are saying the worst is over and it wasn’t anywhere near as bad as they originally projected. However, they are whispering the news instead of using megaphones. As real estate professionals, it is our responsibility – some may say duty – to correct this narrative in the minds of the American consumer.
Contact Information:
(682) 559-2210
Nikkicloud@kw.com
Nikki Cloud & The Key Team
https://www.key2yourdreamhome.com
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