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Plus the cost of houses which will definitely go up
by xeromal 2y ago
Plus the cost of houses which will definitely go up
- mulmen 2y ago2008 would like a word. House prices absolutely do go down. They rose for a long time but recently they are again beginning to fall. Median home price in the US peaked at $479,500.00 in 2022. By Q3 2023 it was down to $431,000.00. In Q3 2024 we reached $420,000.00.
- sgerenser 2y agoCase-Shiller seems to disagree that home prices are still below 2022 levels: https://fred.stlouisfed.org/series/CSUSHPINSA https://fred.stlouisfed.org/series/CSUSHPINSA
- mulmen 2y agoAh yeah fair. The numbers I quoted are median and I don’t have the source. They are from a quick search of financial news. Your index numbers are probably a more sound comparison of overall house prices. But even using the index numbers it isn’t hard to see that housing prices do in fact go both up and down.
- csomar 2y agoThey are not going down because of lack of inventory. Look at commercial, some properties had an 80% discount. But that requires that supply overwhelms demand. It’s not happening with regular housing.
- itake 2y agoEstimation considers that as my career started 13 years ago and we can see how home prices are today