Lawrence Yun always brings such valuable insights, and this post is no exception. With the stock market down 10% from its peak, it's a great time to reflect on home price trends. Unlike the volatility of stocks, home prices have shown resilience—even in historically tough markets. The data speaks for itself: housing remains a strong asset, especially with ongoing supply shortages.
With the stock market sinking 10% from the peak, it is worth looking at home price movements. Outside of those years of subprime risky mortgage originations with no income documentations with teaser mortgage rates and subsequent the implosion in mortgages in 2006-2012, home prices have been mostly positive. Certainly, they are far less volatile compared to the stock prices. Even in the ground-zero foreclosure conditions in Florida in 2006-2012, home prices have more than recovered. Some markets like Indianapolis and Dallas rarely ever turn negative. The Silicon Valley business spirit of move fast and break things, the home prices are the most expensive. With ongoing housing shortages in many markets, a deep price decline is highly unlikely. More probable case of further home price gains should be expected.
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