Home Price Growth Is Returning to Normal
Are you wondering how the home prices are doing these days? 🤔
You'll be surprised to learn that they're still going up across the nation! 📈
Yet, the rate of increase has slowed down compared to earlier this year.
And guess what? That's completely NORMAL!
Home prices tend to rise the most during spring when there's more demand, and then slow down as the year progresses. 🌸
This year, high mortgage rates have played a role in preventing more price surges, bringing monthly increases back to regular seasonal averages.
In short, while home prices are still growing, they are following the usual seasonal pattern we expect to see.