01/24/2024
https://www.redfin.com/news/redfin-home-price-index-december-2023/?distinct_id=Boi2F46Oi
Prices increased nearly 7% nationally in 2023! As supply slowly begins to increase and rates slowly begin to decrease the market should start to find a more โnormalโ level of appreciation. A lot of variables are still at play, so we will be keeping a close eye on it all.
High mortgage rates and an uptick in supply took pressure off price growth, but prices arenโt falling because thereโs still a housing shortage.