Home prices keep grinding higher—slowly, but steadily.
August data: 20-City Index up 2.65% year-over-year (vs 2.47% prior). National Index up 2.09% (vs 1.92% prior).
Not a boom. Not a bust. Just a slow, persistent climb in an environment where inventory remains tight and mortgage rates are still elevated.
The narrative of a housing crash keeps getting pushed out. Meanwhile, prices quietly compound. That's the power of constrained supply meeting sticky demand.
If you're waiting for a dramatic reset, you might be waiting a long time.
August data: 20-City Index up 2.65% year-over-year (vs 2.47% prior). National Index up 2.09% (vs 1.92% prior).
Not a boom. Not a bust. Just a slow, persistent climb in an environment where inventory remains tight and mortgage rates are still elevated.
The narrative of a housing crash keeps getting pushed out. Meanwhile, prices quietly compound. That's the power of constrained supply meeting sticky demand.
If you're waiting for a dramatic reset, you might be waiting a long time.
