Ep. 99 - Home prices are still going up amidst a high-rate environment? | FHFA & Case-Shiller Index
Do you think home prices will be coming down? In this episode, we analyze the July housing data to make sense of where home prices are headed in this high inflation, high interest rate environment. Quinton reviews the latest appreciating home price indexes from FHFA and Case-Shiller. What do these widely-followed monthly barometers forecast for home values and buyer demand? Are cash buyers still getting better deals than financed buyers? Quinton explores all of these questions and more. If you’re in the real estate business or are looking to buy or sell your next home, you need to listen to this episode. In 13 minutes, you’ll be equipped to make informed decisions about your home buying/selling journey.
[00:00 - 02:38] - Overview of housing market indexes based on July’s data
[02:39 - 03:25] - FHFA index shows financing prices up 5-8%
[03:25 - 05:43] - Sellers are receiving 3.7 offers per home on average
[05:44 - 06:57] - What do the indexes say about cash buyers vs financed deals?
[06:58 - 09:37] - Potential for higher conforming limits based on appreciation
[09:38 - 10:27] - Recap of key points from the housing data
[10:28 - 13:00] - Preview of special “100th” episode
Quotes:
"When these rates drop...What kind of frenzy is that going to create? Are we going to go from 3.7 offers to 10 offers, to 12, to 37?" - Quinton Harris
“Homes that are selling under contract, under financing terms and conditions, are gaining 5 to 8 percent appreciation” - Quinton Harris
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