Housing Price Trends has updated the price charts with 1Q2022 Housing Price Index data. For this quarter, there was only 4 BUY signals and 1 SELL signal. Of the 4 BUY signals, there was 1 BUY signals in the top 148 cities in which to invest. 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.
This is a major shift in BUY and SELL signals. Prices have continued to rise in many "hot" markets. There were 92 cities in the top 148 that had 10% or mare inflation-adjusted appreciation since a year ago. The "inflation" index for 1Q2021 was 271.7 and the index was 296.3 for 1Q2022. That was a 9.1% increase in the CPI. With inflation now much higher, it is even more important to evaluate your returns on a inflation-adjusted basis.
When researching a particular city be sure to check our annual "HPT Proficient Performance Report: Housing Price Index Percent Change, Year to Year" to investigate price changes by zip code.
Note: You may notice some city names have changed or seem to be run together. For example, "AR-Little RockNorth Little RockConway." The previous name was "AR-Little Rock-North Little Rock-Conway." For some reason the FHA decided to remove the hyphens, either intentionally or by omission.