November 22, 2023

Understanding the current state of home prices can be confusing, especially with mixed messages in the media. Some claim that prices are dropping, but actual data tells a different story. This discrepancy often arises from unreliable sources and media misinterpretations of the data. To clarify, here’s a straightforward explanation based on credible data. Understanding Regular Patterns in Home Prices The housing market experiences predictable fluctuations throughout the year, known as seasonality. Spring marks the peak of home buying, with high market activity, which generally remains robust through summer but starts to decline as colder months set in. Home prices are