“Crash, correction or chill” looks at economic and real estate trends that give hints about how deep housing’s troubles may be.
Buzz: California house hunters should be mildly encouraged that prices in three major markets are well off their springtime peaks – though housing values are still quite inflated from pre-pandemic days.
Source: My trusty spreadsheet reviewed Case-Shiller’s November home price indexes that track 20 big U.S. markets, including three in California. It’s a widely watched benchmark that’s essentially a three-month average of values. This yardstick compares pricing from sales of individual existing single-family homes vs. measures such as those that track median sales prices.
Topline
Case-Shiller confirms bargains