News: December 2, 2021. The 12-month Home Price Increase Started to Slow Down

Picture Steemit SteemLeo World Finance.jpg

The 12-month home price gains have finally started to decrease in the United States. According to the S&P CoreLogic Case-Shiller National Home Price Index, the 12-month increase in August 2021 was 19.8% and the 12-month increase in September 2021 was 19.5%. This is the first time that a deceleration has occurred since May 2020.

The causes for this are multiple. First, the process of buying a house, specially for first time buyers has become complicated, due to the bidding wars that exist. Second, there has built an over supply of homes for sale due to people wanting to cash in, taking advantage of the market. Third, the mortgage rates have started to increase, potentially causing some discouraging in otherwise buyers. For further reading, click here

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.


0
0
0.000
8 comments
avatar

The bidding war has complicated the process of buying a home and has reduced the interest of buyers. This may be one of the reasons. You have beautifully presented the possible causes.

0
0
0.000
avatar

Thanks for sharing this amazing information and have a wonderful day

0
0
0.000
avatar

Can you confirm that I read that right, are house prices on the rise from 2020?

0
0
0.000
avatar

Useful information about buying and selling homes in the US.

Have a great day brother.

0
0
0.000
avatar

It’s about time! I’ve been seeing this 1st hand because my gf is a realtor…something had to give soon, especially w/ all the overbidding that’s going on !PIZZA

0
0
0.000