Year over year price change – March 2017

There’s a lot of confusion about housing prices right now, but as you can see in the above chart in March 2017; year over year prices are changing at a better than normal rate.

So that they understand that prices are going to remain strong at least through 2017. Let’s first take a look at the Case Shiller report, the 20-city composite. What we can see is over the last several months, not only are prices going up, the percentage they’re going up is accelerating. We really thought, and many people projected, that price acceleration, or price appreciation acceleration, was going to slow down this year. Not that prices were going to go down, but we see more normal averages of about 3.6 percent appreciation over 2017. Well, coming through the first quarter, ladies and gentlemen, that’s not necessarily the case. What we’re seeing right now – and the January numbers are the latest numbers that Case Shiller put out in March. We can see that coming into this year, actually, appreciation is accelerating.