Home Prices Up 4%... Episode 196
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Home Prices Up 4%... Episode 196
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Home Prices Up 4%...
...despite the fact that interest rates haven't come down
all the while inventory levels continue to increase
FHFA - Federal Housing Finance Agency completed a study
That compared home prices in 1st Quarter 2024 to 1st Quarter 2025
They found that home values were up 4% nationwide
49 of 50 states saw prices increase
with Hawaii being the lone exception
The top 5 states with the highest increase were
1 - Rhode Island
2- West Virginia
3- Connecticut
4- Ohio
5- Wyoming
So here is where it may get very interesting in the 2nd half of 2025
A lot of the things that have held back home buyers may change
- Interest rates are likely to drop over the next 6 months
- Tariff concerns will ease as it appears there are several deals emerging
- Congress is heading toward a resolution to "The Big Beautiful Bill" talks
The market is playing out the way that we predicted on this podcast
At the end of 2024 during our forecast for 2025 episodes
Home prices didn't drop, despite all the forces against it
and now that we have evidence that prices went up
we have a real time scenario where the market might just surge forward
If you have been waiting patiently for interest rates and home prices to drop
Your patience may not be rewarded