Housing Prices Stagnant & Dropping - Yes, It CAN happen - and is

[Account Closed]

From Trulia            

,

Home listing prices are flat in these 10 markets — is the housing boom finally cooling?

In six of the nation’s 100 largest housing markets, the median listing price has remained unchanged or dropped from 2017 levels, according to research from real-estate website Trulia. And in another four markets, the median listing price has risen by less than 1% year over year.

Housing markets where median listing prices have not risen
Metro Area	Median Listing Price	1-year change in median listing price
San Antonio, Texas	$269,499	-5.4%
Austin, Texas	$336,995	-3.4%
Honolulu	$630,000	-1.4%
Camden, N.J.	$174,900	0%
Milwaukee, Wis.	$229,900	0%
Sacramento, Calif.	$429,000	0%
Houston	$299,520	0.4%
Dallas-Ft. Worth	$356,999	0.5%
Sarasota, Fla.	$332,245	0.7%
Denver	$453,990	0.9%

For some of the markets where median listing prices decreased or stagnated, such as Honolulu or Sarasota, Fla., this change appears to be indicative of stabilization after a long bull run in these local housing markets, Trulia noted. The median listing price has risen 21% in Sarasota and nearly 18% in Honolulu since March 2015.

https://www.trulia.com/blog/trends/10-markets-pric...

[Michael Gansberg]

Hi @Account Closed noted, those are only asking prices, which is at least a step removed from what's actually going on with sales prices. 

I'd recommend the Case Shiller index- I've linked it for you. You can check national prices, or prices in certain cities. I've also linked a story stating that prices in the 20 cities tracked rose by a bit over 6% in the last year(2nd link.) The first link has a very nice graph showing that prices have mostly risen since 2009. 

I think the housing rally has gotten long in the tooth, but I weathered 2007-2009(and started buying hand over fist in 2009-2013,) I'm not gonna dump income-generating assets on some fear of a correction or crash. If I could survive 2008, I'm sure I can survive anything else that's thrown at me! But I have certainly slowed my asset purchases in the last few years(that's my bearish stance.) 

Michael

https://us.spindices.com/indices/real-estate/sp-co...

https://www.spice-indices.com/idpfiles/spice-asset...