I remember some time again, CNBC did the home price double dip alert. I think maybe they guess right, since this report doesn't factor in the new higher mortgage rates.
Read it allThe quarter-over-quarter price change at the national level (-5.8%) provides an alert of downward momentum. Understanding local market dynamics, however, is critical for managing home price risk. Prices variances increase with granularity, with individual micro markets often performing differently than the greater metro area, giving credence to the adage that real estate is local.
No comments:
Post a Comment