{"id":8318,"date":"2024-04-22T10:30:00","date_gmt":"2024-04-22T10:30:00","guid":{"rendered":"https:\/\/thezakariagroup.com\/what-you-really-need-to-know-about-home-prices\/"},"modified":"2024-04-22T10:30:00","modified_gmt":"2024-04-22T10:30:00","slug":"what-you-really-need-to-know-about-home-prices","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/what-you-really-need-to-know-about-home-prices\/","title":{"rendered":"What You Really Need To Know About Home Prices"},"content":{"rendered":"
According to recent data from Fannie Mae<\/em><\/a>, almost 1 in 4 people still think home prices<\/a> are going to come down. If you\u2019re one of the people worried about that, here\u2019s what you need to know.<\/p>\n A lot of that fear is probably coming from what you\u2019re hearing in the media or reading online. But here\u2019s the thing to remember. Negative news sells. That means, you may not be getting the full picture. You may only be getting the clickbait version. As Jay Thompson, a Real Estate Industry Consultant, explains<\/a>:<\/p>\n \u201cHousing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry.<\/em> Clickbait, the sensationalizing of headlines and content, has been an issue since the dawn of the internet, and housing news is not immune to it.\u201d<\/em><\/strong><\/p><\/blockquote>\n Here\u2019s a look at the data to set the record straight.<\/p>\n Case-Shiller<\/em><\/a> releases a report each month<\/a> on the percent of monthly home price changes. If you look at their data from January 2023 through the latest numbers available, here\u2019s what you\u2019d see:<\/p>\n \u00a0<\/a><\/p>\n <\/p>\n What do you notice when you look at this graph? It depends on what color you\u2019re more drawn to. If you look at the green, you\u2019ll see home prices rose for the majority of the past year.<\/p>\n But, if you\u2019re drawn to the red, you may only focus on the two slight declines. This is what a lot of media coverage does. Since negative news sells, drawing attention to these slight dips happens often. But that loses sight of the bigger picture.\u00a0<\/p>\n Here\u2019s what this data really says. There\u2019s a lot more green in that graph than red. And even for the two red bars, they\u2019re so slight, they\u2019re practically flat. If you look at the year as a whole, home prices still rose overall.<\/strong><\/p>\nHome Prices Rose the Majority of the Past Year<\/strong><\/h4>\n