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************ Video Breakdown ************
Housing Market FINALLY Sees Real Negative Home Prices
The 2023 housing market has finally broken through it’s year over year baseline, and gone negative. With the National Association of Realtors publishing their most recent data and showing the second month in a row of negative year over year house prices. We break down the home price data, as well as showing the peak to trough and peak to current home price data as well, in the specific metros you requested in the last deep dive housing market video.
We also look at the S&P Case-Shiller and show why this is defining moment for the 2023 housing crash and how it will change things going forward.
Another dataset we analyze is the inventory levels for single family homes, because the plethora of houses under construction are finally beginning to be completed and rolled out onto the market as active listings. With 170,000 new single family homes added to the available inventory and helping increase months supply and help drive down home prices once again.
This video is not financial advice.