💡 Reports for May 2023 are in. Inventory remained low while Buyers’ activities picked up. This meant price continued to stay strong.
🏡 Case Shiller Home Price Index, FHA House Price Index, & the CoreLogic Home Appreciation report are all showing increases with home prices for two (2) months in a row now.
🏡 After 7 months of deceleration (different from depreciation), there has been a 180 degree turn in 92% of all housing markets in the U.S. to show home values are increasing.
🏡 Is the bottom in? The answer to that question will be definite when we start to see mortgage rates come down in the not-so-distant future.
💡If you have been on the fence in buying a house, waiting for the bottom to settle, the time may be now!
If you would like to know more about your local market , talk to a local expert to help you stay ahead. 📲 Contact Stephen Haw at (310) 503-9886 📲 to find out if now is the best time to buy or sell a house in Palos Verdes and South Bay.
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Call 310.503.9886 for professional guidance from The Stephen Haw Group, your local experts with international connections.