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April 27th, 2022 9:41 AM
Home prices jumped 19.8% in February, year over year, according to S&P CoreLogic Case Schiller* national home price index. Sun belt cities showed the highest gains while northern regions including New York, saw the smallest price gains. The balance between the low supply of homes versus strong demand, pushed prices higher. I expect the sharply high interest rates in March and April to have a slightly adverse affect on prices. Based on forecasts, I expect appreciation in single family homes to increase throughout the year but at a slower monthly increase of approximately 1%.

*I place more weight on this index based on its theoretical analysis of its research in the real estate market(methodology).

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Posted by Richard Wayne Abatelli on April 27th, 2022 9:41 AMPost a Comment

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