The US real estate market continues its upward trajectory, with December witnessing a significant 6.1 percent surge in house prices across the nation's 20 major metropolitan areas, as revealed by the latest S&P/Case-Shiller Index. This robust growth, the most notable throughout 2023, signifies the market's resilience and potential for investors and homeowners. With six consecutive months of price hikes and a 0.2 percent increase from the previous month, the sector presents promising opportunities.
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21 sats \ 2 replies \ @fm 27 Feb
Isnt this just inflation and FUD ?
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0 sats \ 1 reply \ @TomK OP 27 Feb
Growth in the sense of fiat growth.
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0 sats \ 0 replies \ @fm 27 Feb
around here we saw the same growth.. But not sure its a good indicator
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25 sats \ 4 replies \ @Undisciplined 27 Feb
Something's off here. People increasingly can't afford the current home price and interest rate combination, houses have been sitting on the market longer than they had been, and commercial real estate looks like a disaster.
I still expect the housing market to collapse in the near future, but we'll see.
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31 sats \ 3 replies \ @shado_op 27 Feb
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25 sats \ 2 replies \ @Undisciplined 27 Feb
Demand is the willingness and ability to pay for something. It doesn't really make sense to say demand is high despite an inability to pay.
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31 sats \ 1 reply \ @shado_op 27 Feb
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25 sats \ 0 replies \ @Undisciplined 27 Feb
I agree with that, but I don't fully understand who it is that's buying all these homes.
If it's driven by flight out of NYC, LA, SF, or DC, then it makes sense to me. Selling a home there would give you plenty of money to buy a home in the growing mid-size metros. However, there should be a corresponding decline in the major metro housing markets.
My other thought, is that people may also be moving out of apartments in cities and into homes.
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