Wanna know if we’re in a housing market correction right now? The answer is no. And I can tell you why. Take a look at this.
While the market is undergoing a shift, it’s certainly not going through a correction. That’s because there’s a significant difference between a correction and what we’re seeing today. Forbes defines a correction as a decline of ten to twenty percent in the value of a market index or price of an asset. But home prices aren’t falling, they’re just rising at a slower pace. Experts are still projecting over eight percent home price appreciation this year. While that isn’t the same as the record-breaking home
price appreciation we saw last year, it’s certainly not a decline of ten percent or more. So don’t let the headlines fool you.
If you’ve got questions about the housing market or where we’re headed for the rest of the year, let’s connect. I can help answer
those with the data to back it up.
Thanks for joining me on The Roylin Report!