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linuxdragons t1_j2uzg1k wrote on January 4, 2023 at 3:08 AM

Reply to comment by HappyFunNorm in Home price increases weakened sharply in November, posting the smallest annual gain in 2 years -CNBC by wander9077

No, what you are hearing is that YoY numbers remain high because of past growth. Home prices have been declining since June.

HappyFunNorm t1_j2v2gdz wrote on January 4, 2023 at 3:31 AM

Ah, so housing is getting more affordable, then! That's good to hear...

ItsCalledDayTwa t1_j2wfess wrote on January 4, 2023 at 12:32 PM

Only if you are sitting on a large pile of cash.

[deleted] t1_j2xum3m wrote on January 4, 2023 at 6:33 PM

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linuxdragons t1_j2v2phz wrote on January 4, 2023 at 3:33 AM

I couldn't agree more.

[deleted] t1_j2vcovq wrote on January 4, 2023 at 4:55 AM

[removed]

[deleted] t1_j2wc2tk wrote on January 4, 2023 at 11:56 AM

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linuxdragons t1_j2xaa3t wrote on January 4, 2023 at 4:27 PM

That's not supported by the data

https://fred.stlouisfed.org/series/PHXRNSA