Here’s the news, a short, sharp shock: Home prices are down by 5.79% in the February Market Basket of Homes. A total of 125 homes in the market basket sold, down from the trend of recent months. Days on market was up.
Were it not for the machinations going on in Washington right now, I would say that the market is arguing that prices are not done declining. Given the manipulations being proposed by the president and the congress, what will actually happen is anyone’s guess.
We produce the Market Basket of Homes every month. It is always available from this link, with the new month’s addition usually be available on or before the seventh of the month.
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