Signs of Life: The Housing Market Shows Improvement
By Christopher Pataki, Hockessin Delaware Real Estate
If you are keeping up with current events, you may be feeling uncertain about the state of home prices and whether or not we are headed towards a housing crisis. Unfortunately, many news headlines are painting a bleak and inaccurate picture. The truth is, home prices are not plummeting uncontrollably. In fact, the most recent data reveals a much more optimistic outlook. Delaware prices are slightly up month over month. When reviewing home prices from a year-over-year perspective, we notice that they remained positive, albeit with a slower rate of appreciation compared to the peak of the pandemic. However, to gain a more comprehensive understanding of the market trends, it is necessary to analyze monthly data. By doing so, we can obtain a more detailed picture of the fluctuations in the...