Are Home Prices Cooling? Move Beyond The Headlines To Be Sure!

Many news outlets (typically national news outlets, not local news outlets) are running stories with headlines referencing cooling home prices.

Are home prices cooling?

Here's a funny one, once you read it...

Reading that headline, you'd think home prices are dropping, right?

Well, here's what the start of the article actually goes on to say...

"Single-family home price appreciation eased to a 6.9% pace in December, the lowest rate recorded since the late summer of 2020."

Oh... so it's not that home prices dropped... it's that they *only* increased by 6.9%... and that's a smaller increase in home prices than previous increases.

;-)

So... before you read a few headlines about cooling home prices and conclude that home prices are falling... click through to read the story.

In this area, home prices continue to rise.  In many other markets, the same is true, though headlines might not always make that clear.