07/22/2022
Over the last two years, the rate of home prices appreciated at a dramatic pace, and it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and home price growth is supported by strong market fundamentals.
Here’s what you need to know.
>> Where Experts Say Prices Will Go from Here
You might be asking: why did home prices climb so much last year? It’s because there were more buyers than there were homes for sale. That imbalance put upward pressure on home prices because demand was extremely high, and supply was record low.
While housing inventory is increasing and buyer demand is softening today, there’s still a shortage of homes available for sale. Mark Fleming, Chief Economist at First American, explains it like...
Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and home price gr...