This one puts everything into perspective; A recent “chart of the week” from the Mortgage Bankers Association illustrates how home prices, when adjusted for inflation using the CPI, are still nearly 4% below the second quarter of 2007. The chart also shows the quarterly average for the NAR’s months supply of existing homes for sale, which is a measure of inventory that accounts for both the pace of sales and the number of homes for sale on that market.
“…we are now starting to see signs of deceleration in home prices, as data for the second quarter of 2018 shows that home prices increased at a rate of 6.5 percent over the year, compared to a 7.3 percent increase in the first quarter…”
Click here to read the full story at the Mortgage Bankers Association.
