Prices On The Rebound: Why Home Values Are Increasing Again

Let me guess. Whether you’re a buyer or seller, you’re thinking about home prices. And based on some of the media coverage, you may be a bit confused or even worried that the worst is yet to come. To help you understand what’s actually happening, let’s see what the latest data tells us.
Home prices have rebounded according to recent reports. As you can see in this graph, on a national level, home prices did pull back and decline a bit from roughly July to January. That’s the red bars. But, those price declines were fleeting.
See the green bars on the right? They show that the most recent numbers tell us home prices have rebounded and they’re back to appreciating today. That upward pressure on home prices is expected to continue because inventory still can’t keep up with demand. So, what's the takeaway? While home prices are always going to vary by market, nationally, the worst price declines are behind us.
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