Home Prices Are Falling

[Michael Carbonare]

𝐇𝐨𝐦𝐞 𝐏𝐫𝐢𝐜𝐞𝐬 𝐀𝐫𝐞 𝐅𝐚𝐥𝐥𝐢𝐧𝐠. 𝐀𝐫𝐞 𝐘𝐨𝐮 𝐒𝐭𝐢𝐥𝐥 𝐖𝐚𝐢𝐭𝐢𝐧𝐠?
For the first time in over 2 years, home prices in the top 20 U.S. markets are declining.
That “perfect time” you’ve been waiting for?  It's here.
Markets like San Diego, Portland, and Phoenix are already seeing drops — and more are expected to follow.
Here’s what that means for you:
Motivated sellers
More negotiable deals
Prime opportunities for creative strategies.  Sure, cash on hand makes things easier.  But you don't need deep pockets and an 800 FICO.  
But many new investors? Stuck. Scared. Watching.
If you've been sitting on the sidelines, unsure how to start, this market shift is your invitation in.  There are many members here on BP that are happy to share their experience and know how.  You only need to ask.

[Dan H.]

Quote from @Michael Carbonare:

𝐇𝐨𝐦𝐞 𝐏𝐫𝐢𝐜𝐞𝐬 𝐀𝐫𝐞 𝐅𝐚𝐥𝐥𝐢𝐧𝐠. 𝐀𝐫𝐞 𝐘𝐨𝐮 𝐒𝐭𝐢𝐥𝐥 𝐖𝐚𝐢𝐭𝐢𝐧𝐠?
For the first time in over 2 years, home prices in the top 20 U.S. markets are declining.
That “perfect time” you’ve been waiting for?  It's here.
Markets like San Diego, Portland, and Phoenix are already seeing drops — and more are expected to follow.
Here’s what that means for you:
Motivated sellers
More negotiable deals
Prime opportunities for creative strategies.  Sure, cash on hand makes things easier.  But you don't need deep pockets and an 800 FICO.  
But many new investors? Stuck. Scared. Watching.
If you've been sitting on the sidelines, unsure how to start, this market shift is your invitation in.  There are many members here on BP that are happy to share their experience and know how.  You only need to ask.

 Not sure of the source of San Diego property values dropping or national values dropping significantly but I reference likely the most respected price home price index that exists, the case Shiller index.  I suspect some less regarded index may show different results, but may as well as use the gold standard.

Case Shiller shows both San Diego and nationally to be up month over month and YOY.

https://fred.stlouisfed.org/release/tables?rid=199&eid=2...

Nothing to see here.

best wishes