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Home Prices 8% Higher Year over Year [New Video]

By Mike Simonsen on August 17, 2020

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Mike Simonsen

Mike Simonsen is the founder and president of real estate analytics firm Altos Research, which has provided national and local real estate data to financial institutions, real estate professionals, and investors across the country for more than 15 years. An expert trendspotter, Mike uses Altos data to identify market shifts months before they hit the headlines.

Prices this week are basically unchanged at $354,990. Because in a normal year prices peak June 30th, and then pull back in the fall, all of a sudden we’re up 8% year over year. This pricing number is going to be very sensitive to interest rates, so keep your eye on rates as policy and the global economy change.

Watch this week's video for all the details.

 

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