Housing Price Trends has updated the price charts with 4Q2020 Housing Price Index data. For this quarter, there were 25 BUY signals and no SELL signals. There were 9 BUY signals in the top 148 cities in which to invest, and 16 BUY 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.
This is the highest number of BUY signals in the top 148 than we have seen in a few years.
As the end of some government housing assistance programs approaches, and with the uncertainty of future programs, the housing market could be in for some future turmoil. It would be wise not to read too much into the high number of BUY signals, as the unusual economic conditions, job uncertainty and uncertainty in future interest rates all create more than normal pressures on the housing market.