Quarterly Home Price Appreciation (annualized %)

– This is the change in home prices from 3 months earlier and then annualized (i.e. – multiplied four) to get an annual equivalent appreciation rate.

– Quarterly comparisons have more ‘noise’ in them, and will tend to bounce around a lot more than annual comparisons. However, quarterly data can also spot market reversals and changes quicker because it only looks back 3 months, instead of a year.

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