This is a YouTube video titled "Home Values: 5% - 10% Gains in 2023!" containing a monologue or single-speaker commentary from August 25, 2023, discussing recent reports from major sources on home value increases despite high interest rates and a tough housing market.
New reports from all the big names in home values. We're talking FHFA, Case Shiller, CoreLogic, Black Knight, Zillow are showing that 2023 is on pace for a 5 to 10% increase in home values. And that's right through the heart of a very tough housing market. Interest rates are stubbornly high. I think the important thing to take away from this is we're still on the same overall playing field as the craziness of 2020 and 2021 with a huge shortage in homes. But the only difference is rates are stubbornly high. It's slowed down buyer demand. But what happens as soon as rates go back down? Well, then we're in a we had in 2020 and 2021 where we saw record increases in home values. So I think the big takeaway here is the best time to buy a house was probably back in 2019. We can't go back and do that. So the second best time to buy a house is right now.
