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U.s. Median Home Sale Price Reached New All-time High In June

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Randolph Kinney

Elite Member
Joined
Apr 7, 2005
Professional Status
Retired Appraiser
State
North Carolina
They don't show the 0.5% hike in mortgage interest rates that has occurred since November 8. However, if that continues, home prices will go down.

home_prices_interest_rates.png
 

AMF13

Elite Member
Joined
Jan 24, 2002
Professional Status
Certified Residential Appraiser
State
California
All real estate is local. I doubt national statistics mean much in 1 local area.
One place can be kicking ***, another is getting it's *** kicked.
Does this mean it's all stable, even keel? I don't think so! :leeann:
 

Meandering

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Joined
Feb 26, 2006
Professional Status
Real Estate Agent or Broker
State
Pennsylvania
They are advertising adjustable rate mortgages here.

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ucbruin

Elite Member
Joined
Mar 11, 2014
Professional Status
Certified Residential Appraiser
State
Massachusetts
Make Home Ownership Great Again!!!!!!
MHOGA!!!!!
 

Restrain

Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
In another thread, there were some 'bubble' statistics. Problem is the scales were not constant. Further it did not examine the economics of the areas. For example, including Dallas as a bubble. There wasn't a collapse as occurred in other states in 2007-8. Dalllas may or may not include the DFW metro area, which as a WIDE range of housing. Trying to compare the Highland Park area to Carrollton or East Dallas is not feasible. Totally different markets. Such charts are effectively garbage in-garbage out.
 
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