Housing Price Trends has updated the price charts with 2Q2022 Housing Price Index data. For this quarter, there was only 5 BUY signals and 1 SELL signal. Of the 5 BUY signals, there were 2 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. Compare these data to those from a year ago, 2Q2021, where there were 40 BUY signals, of which 11 were in the top 148 list.
Stay tuned for 3Q and 4Q data, which we expect to show further weakening in the housing market.