Not too surprised that there were NO buy or sell signals at the end of 3Q2022. All 404 cities went up in price (adjusted for inflation, as we always do) except for Odessa, TX (-2,24%) and Enid, OK (-0.97%).
The USA market as a whole tells the story, a pause and slight decline:
Many real estate dynamics are at play: inventory, new build coming on the market now and much more soon, interest rate changes....
Buy savvy real estate investors know that you need to focus on trends in a specific local market; that's where the investment fortunes are made. Let's take the "West Palm Beach-Boca Raton-Boynton Beach, FL (MSAD)" market, for example.
The inflation-adjusted appreciation in the last 4 quarters was 19.3%. There was a Buy signal in 3Q2013 at an HPI index of 188.85 and the current HPI index is 503.75. If you sold now, you would have achieved an annual inflation-adjusted appreciation of 63% (yes, per year).