{"id":8182,"date":"2023-11-02T10:30:00","date_gmt":"2023-11-02T10:30:00","guid":{"rendered":"https:\/\/thezakariagroup.com\/dont-believe-everything-you-read-about-home-prices\/"},"modified":"2023-11-02T10:30:00","modified_gmt":"2023-11-02T10:30:00","slug":"dont-believe-everything-you-read-about-home-prices","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/dont-believe-everything-you-read-about-home-prices\/","title":{"rendered":"Don\u2019t Believe Everything You Read About Home Prices"},"content":{"rendered":"
According to the latest data from Fannie Mae<\/em><\/a>, 23% of Americans still think home prices<\/a> will go down over the next twelve months. But why do roughly 1 in 4 people feel that way?<\/p>\n It has a lot to do with all the negative talk about home prices over the past year. Since late 2022, the media has created a lot of fear about a price crash<\/a> and those concerns are still lingering. You may be hearing people in your own life saying they\u2019re worried about home prices or see on social media that some influencers are saying prices are going to come tumbling down.<\/p>\n If you\u2019re someone who still thinks prices are going to fall, ask yourself this: Which is a more reliable place to get your information \u2013 clickbait headlines and social media or a trusted expert on the housing market? <\/em><\/p>\n The answer is simple. Listen to the professionals who specialize in residential real estate.<\/strong><\/p>\n Here\u2019s the latest data you can actually trust. Housing market experts acknowledge that nationally, prices did dip down slightly late last year, but that was short-lived. Data<\/a> shows prices have already rebounded<\/a> this year after that slight decline in 2022 (see graph below<\/em>):<\/p>\n <\/a><\/p>\n <\/p>\n But it\u2019s not just Fannie Mae<\/em> that\u2019s reporting this bounce back. Experts from across the industry are showing it in their data too. And that\u2019s why so many forecasts now project home prices<\/a> will net positive<\/a> this year \u2013 not negative. The graph below helps prove this point with the latest forecasts from each organization:<\/p>\n \u00a0<\/a><\/p>\n <\/p>\n