Are Home Prices Going To Fall?
It’s one of the biggest hold ups some buyers have right now: “ What if I buy, and home prices go down?” With everything in the news, that concern makes some sense. No one wants to make a big financial decision at the wrong time. But here’s what’s important to know. You don’t want to get hung up on the few places seeing slight declines right now. When you zoom out and look at the full picture, home prices usually rise over time. What the Data Really Shows Take a look at the visual below. It uses data from Case-Shiller and Bilello to show how home prices have changed year by year going all the way back to the 1950s. Here’s the key takeaway. Outside of the housing crash, home prices have either held steady or increased in just about every year for decades ( see visual below ) : That’s a remarkably consistent track record. And it shows something a lot of headlines miss. While short-term shifts can happen, it’s the long-term gains that really matter. Why Prices Tend To Rise Over Time Th...