Pricing

A Drop in Equity Doesn’t Mean Low Equity   You may see media coverage talking about a drop in homeowner equity. What’s important to understand is that equity is tied closely to home values. So, when home prices appreciate, you can expect equity to grow. And when home prices decline, equity does too. Here’s how this has played out recently.  Home prices rose rapidly during the...

Are Home Prices Going Up or Down? That Depends… Media coverage about what’s happening with home prices can be confusing. A large part of that is due to the type of data being used and what they’re choosing to draw attention to. For home prices, there are two different methods used to compare home prices over different time periods: year-over-year (Y-O-Y) and month-over-month (M-O-M). Here's an...

Why You Can’t Compare Now to the ‘Unicorn’ Years of the Housing Market   Some Highlights _x005F_x0001_Comparing housing market metrics from one year to another can be challenging in a normal housing market – and the last few years have been anything but normal. In a way, they were ‘unicorn’ years. _x005F_x0001_Expect unsettling housing market headlines this...

Why You Can’t Compare Now to the ‘Unicorn’ Years of the Housing Market   Some Highlights Comparing housing market metrics from one year to another can be challenging in a normal housing market – and the last few years have been anything but normal. In a way, they were ‘unicorn’ years. Expect unsettling housing market headlines this year, mostly due to...

Why You Can’t Compare Now to the ‘Unicorn’ Years of the Housing Market   Some Highlights _x005F_x0001_Comparing housing market metrics from one year to another can be challenging in a normal housing market – and the last few years have been anything but normal. In a way, they were ‘unicorn’ years. _x005F_x0001_Expect unsettling housing market headlines this...

Oops! Home Prices Didn’t Crash After All   During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year. Here are a few of those forecasts: Jeremy Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton School of Business: “I expect housing prices fall 10% to 15%, and the housing prices are accelerating on the...