Housing Price Trends Posts 2Q2020 Results

Housing Price Trends has updated the Standard price chart data with 2Q2020 housing price data. For this quarter, there were 10 BUY signals and 3 SELL signals. However, only 2 BUY signals (Binghamton, NY and Yuma, AZ) occurred in the top 148 cities in which to invest, and 1 of the 3 SELL signals occurred in the top 148 cities (Midland, TX). 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 inflation-adjusted annual appreciation for Midland, TX was 11.5% for a 1.75 year hold. This period was not as profitable as previous periods identified by HPT: 47% and 20% per year. Also, Midland, TX is ranked #94 of 148 top cities.

The 3Q2020 and beyond should be interesting times for real estate due to the COVID-19 situation. Expect more volatility in the real estate market! A lot will depend on government relief that may help homeowners, and COVID-19 issues.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *

*