National Housing Update: Home Price Trends and Other Real Estate Market Trends

The US Housing Market continues to rise as home prices reach new highs. Despite higher interest rates this real estate market update will show that the housing market is still strong and home prices are growing. 2022 and 2023 are more likely to have prices increase in the real estate market than not, even though there is a likelyhood of recession and high inflation.

This housing market update is from national data provided by Altos Research, a real estate data firm. The trend shows that home prices are not likely to fall but the growth rate of home values is likely to taper off a bit. Houwing Inventory is still are record lows and homes are only on the market for about 16 days, which is the lowest on record.

Additionally, median home prices in the US passed $400k for the first time ever.

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