Happy Housing
06/28/2023 |
The price of an existing home declined 0.2% Y-o-Y in April. This was the first Y-o-Y price decline since early 2012. However, seasonally adjusted M-o-M prices rose 0.53%, and have now risen for three straight months, after falling for seven straight months. Home prices peaked in 6/22, bottomed out in 1/23, and have been rising ever since. Moreover, house prices are down just 2.4% from their 6/22 peak.