23 U.S. Markets Lost Value Year-Over-Year
On a ‘real’ (inflation-adjusted) basis, home prices declined Year-over-Year (YoY) in 23 of the 405 largest real estate markets nationwide.
In the previous quarter, 13 markets had annual home price declines.
It was a BIZARRE quarter for home price appreciation!
This is the most volatile (and exciting) time for real estate markets I’ve ever seen.