Don’t Believe Everything You Read About Home Prices
According to the latest data from Fannie Mae , 23% of Americans still think home prices will go down over the next twelve months. But why do roughly 1 in 4 people feel that way? It has a lot to do with all the negative talk about home prices over the past year. Since late 2022, the media has created a lot of fear about a price crash and those concerns are still lingering. You may be hearing people in your own life saying they’re worried about home prices or see on social media that some influencers are saying prices are going to come tumbling down. If you’re someone who still thinks prices are going to fall, ask yourself this: Which is a more reliable place to get your information – clickbait headlines and social media or a trusted expert on the housing market? The answer is simple. Listen to the professionals who specialize in residential real estate. Here’s the latest data you can actually trust. Housing market experts acknowledge that nationally, prices did dip down slightly l