I think that’s extremely likely.
Note. February 2022 data is the latest available from Case-Shiller as I write this on April 26, 2022. The data is a 3-month moving average so what they call February is really the December-February average.
- Click on images to see full-size, interactive versions
- See all 20 Case-Shiller graphs.
USA Inflation-Adjusted House Prices Up 9% in 12 Months
Record-Setting Price Appreciation in 6 Metros
House prices have increased more in the last 12 months than any time in the last 30+ years for these 6 metros;
Prices Peak This Summer?
If this year is like last year, house prices will peak this summer. But with less upward momentum this year, I expect this summer’s peak will also be the peak for this real estate cycle.
Amount You Can Borrow in Free Fall
The amount of money you can borrow per $1000/mo mortgage payment (principal & interest) has fallen by $47,000 so far this year.
Note. You can find interactive versions of these charts here.