The Media always seems to get it wrong. The FHFA Housing Price Index that measures home price appreciation on single-family homes within the conforming loan limit rose 0.2% in January. Year over year home prices are up 5.3%.
We have a lack of inventory. Rates are still below their peak and it’s spring time. Another silver lining is apartment rents rose 0.5% in March and up 2.6% year over year but down from 3%.
Learning is how you evolve. Unlearning is how you keep up as the world evolves.