Housing Price Trends has updated the price charts with 1Q2021 Housing Price Index data. For this quarter, there were 40 BUY signals and 5 SELL signals. There were 11 BUY signals and 1 SELL signal (Binghamton, NY) in the top 148 cities in which to invest, and 29 BUY signals & 4 SELL signals other than in the top 148 cities. Remember the BUY signals that occur outside of the top 148 cities are not as meaningful, since those cities have prices that generally go up and down on much smaller amounts.
The volume of BUY signals in the top 148 cities is only slightly less than the previous quarter. Adding the last 2 quarters together, there were 95 BUY signals out of 148 cities. Obviously, the housing market is in unusual territory. The big question is "will we see a large number of SELL signals in the near future?" We live in volatile times. When you get SELL signals, you normally have some time to actually sell, since these signals usually trigger BEFORE prices actually fall. The Housing Price Trends system detects a change in price momentum; that's when prices increases slow down enough to matter, often before prices start declining.
If you buy during these times, you should not be surprised that your hold period is somewhat shorter than the past history. There are certainly still massive opportunities in the housing market; just add more caution to your investing.