Six Expert Sources Shows the Worst Home Price Declines Are Behind Us

August 14, 2023


MIchael Mahoney reports on the 6 industry experts on home prices going back up.

Six Expert Sources Shows the Worst Home Price Declines Are Behind Us

Looking at monthly home price data from six expert sources shows the worst home price declines are behind us, and they’re rising again nationally.

This according to leading experts with:
Corelogic, Black Knight, Zillow, Case-Shiller Freddie Mac and FHFA

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According to the National Association of Realtors (NAR), based on the pace of sales right now, just over 4 million homes will sell this year. With some simple math, let’s break down what that really means for you:

  • 4.16 million homes divided by 365 days in a year = 11,397 houses sell each day
  • 11,397 divided by 24 hours in a day = 475 houses sell per hour
  • 475 divided by 60 minutes in an hour = about 8 houses sell each minute

Read the full details @ About 11,000 Houses Will Sell Today

Bottom Line

If you’ve been waiting to sell because you don’t think there are buyers out there, know today’s market is active. Every day you wait, around 11,000 other homeowners are selling. In the time it took you to read this, eight homes sold. When you’re ready to sell too, let’s connect. If you want to sell, let’s connect now so your house can shine above the rest while inventory is so low.

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