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House Price Declines: How Long for Real Prices to Recover?

House Price Declines: How Long for Real Prices to Recover?

CalculatedRisk by Bill McBride's avatar
CalculatedRisk by Bill McBride
Jul 04, 2022
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CalculatedRisk Newsletter
CalculatedRisk Newsletter
House Price Declines: How Long for Real Prices to Recover?
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Recent reports show house prices are up more than 20% year-over-year, however house price data is seriously lagged and haven’t yet reflected the impact of higher mortgage rates. With inventory almost doubling since March, and likely to be up soon compared to the same week in 2020, reported house price growth should slow sharply in the coming months.

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