Will Housing Prices Drop?
The Department of Housing and Urban Development has tracked data since the 1960's. If you trend the Median Sales Price of Homes over the last 60 years... prices go up. Only once after the financial crash from 2006 to 2011 has the market taken an extended down turn. I truly want the market to slow down for buyers that I'm helping. If it happened once, it could happen again. But looking at historical data... odds are... if you're waiting on prices to drop significantly before making your move, you're waiting on something that most likely is not going to happen. Be sure to focus on interest rates and other market factors and call me to discuss what your next best move looks like.
Check out https://www.huduser.gov/portal/ushmc/hd_home_prices.html for the source material and all kinds of other data HUD offers!
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