[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f39rs0erdes88i":3,"$ffeh0925h8cuz":43,"$f2emv3tus0uf1":47,"$fbwk2pqjjqsc7":51},{"item":4,"previous":31,"next":37},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":29,"updatedAt":30},4517,"have-home-values-hit-bottom","Have Home Values Hit Bottom?","Whether you’re already a homeowner or you’re looking to become one, the recent headlines about \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F12\u002F12\u002Fwhat-every-seller-should-know-about-home-prices\u002F\">home prices\u003C\u002Fa> may leave you with more questions than answers. \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F12\u002F27\u002Fconfused-about-whats-going-on-in-the-housing-market-lean-on-a-professional\u002F\">News stories\u003C\u002Fa> are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2023\u002F01\u002F11\u002Ftodays-housing-market-is-nothing-like-15-years-ago\u002F\">crash in 2008\u003C\u002Fa>.\r\n\r\n","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2023\u002F01\u002F17142456\u002Fhave-home-values-hit-bottom-KCM.jpg","\u003Cp>Whether you’re already a homeowner or you’re looking to become one, the recent headlines about \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F12\u002F12\u002Fwhat-every-seller-should-know-about-home-prices\u002F\">home prices\u003C\u002Fa> may leave you with more questions than answers. \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F12\u002F27\u002Fconfused-about-whats-going-on-in-the-housing-market-lean-on-a-professional\u002F\">News stories\u003C\u002Fa> are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2023\u002F01\u002F11\u002Ftodays-housing-market-is-nothing-like-15-years-ago\u002F\">crash in 2008\u003C\u002Fa>.\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003C!--more-->\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>One of the questions that’s on many minds, based on those headlines, is: \u003Cem>how much will home prices decline?\u003C\u002Fem> But what you may not realize is expert \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F12\u002F21\u002Fwhat-to-expect-from-the-housing-market-in-2023\u002F\">forecasters\u003C\u002Fa> aren’t calling for a free fall in prices. In fact, if you look at the latest data, there’s a case to be made that the biggest portion of month-over-month price depreciation nationally may already be behind us – and even those numbers weren’t significant declines on the national level. Instead of how far will they drop, the question becomes:\u003Cstrong>\u003Cem> have home values hit bottom? \u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>Let’s take a look at the latest data from several reputable industry sources (\u003Cem>see chart below\u003C\u002Fem>):\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2023\u002F01\u002F17142458\u002Fhave-home-values-hit-bottom-MEM.png\">\u003Cimg class=\"aligncenter wp-image-47790\" src=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2023\u002F01\u002F17142458\u002Fhave-home-values-hit-bottom-MEM.png\" alt=\"Have Home Values Hit Bottom? | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>The chart above provides a look at the most recent reports from \u003Ca href=\"https:\u002F\u002Fwww.spglobal.com\u002Fspdji\u002Fen\u002Findices\u002Findicators\u002Fsp-corelogic-case-shiller-us-national-home-price-nsa-index\u002F#news-research\">\u003Cem>Case-Shiller\u003C\u002Fem>\u003C\u002Fa>, the \u003Ca href=\"https:\u002F\u002Fwww.fhfa.gov\u002FDataTools\u002FDownloads\u002FPages\u002FHouse-Price-Index.aspx\">\u003Cem>Federal Housing Finance Agency\u003C\u002Fem>\u003C\u002Fa> (FHFA), \u003Ca href=\"https:\u002F\u002Fwww.blackknightinc.com\u002Fdata-reports\u002F?\">\u003Cem>Black Knight\u003C\u002Fem>\u003C\u002Fa>, and \u003Ca href=\"https:\u002F\u002Fwww.corelogic.com\u002Fintelligence\u002Fu-s-home-price-insights-december-2022\u002F\">\u003Cem>CoreLogic\u003C\u002Fem>\u003C\u002Fa>. It shows how, on a national scale, home values have changed month-over-month since January 2022. November and December numbers have yet to come out.\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>Let’s focus in on what the red numbers tell us. The red numbers are the change in home values over the last four months that have been published. And if we isolate the last four months, what the data shows is, in each case, home price depreciation peaked in August.\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>While that doesn’t guarantee home price depreciation has hit bottom, it confirms prices aren’t in a free fall, and it may be an early signal that the worst is already behind us. As the numbers for November and December are released, data will be able to further validate this national trend.\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Ch3>Bottom Line\u003C\u002Fh3>\u003Cp>\r\nHome prices month-over-month have depreciated for the past four months on record, but there’s a strong case to be made that the worst may be behind us. If you have questions about what’s happening with home prices in our local market, let’s connect.\u003C\u002Fp>","\r\nHome prices month-over-month have depreciated for the past four months on record, but there’s a strong case to be made that the worst may be behind us. If you have questions about what’s happening with home prices in our local market, let’s connect.","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2023\u002F01\u002F17142458\u002Fhave-home-values-hit-bottom-MEM.png",false,[17,21,25],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers",{"id":26,"name":27,"slug":28},9,"Home Prices","home-prices","2023-01-18T11:00:27Z","2023-02-03T15:33:29Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},4513,"think-twice-before-waiting-for-3-mortgage-rates","Think Twice Before Waiting for 3% Mortgage Rates","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2023\u002F01\u002F12145335\u002Fthink-twice-about-waiting-for-3-percent-mortgage-rates-KCM.jpg","2023-01-17T11:00:17Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},4519,"pre-approval-in-2023-what-you-need-to-know","Pre-Approval in 2023: What You Need To Know","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2023\u002F01\u002F18120747\u002Fpre-approval-in-2023-what-you-need-to-know-KCM.jpg","2023-01-19T11:30:38Z",{"cover":44,"open":45,"shareSpread":46},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":48,"open":49,"shareSpread":50},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[52,56,57,58,62,66,67,71,75,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155,159],{"id":53,"name":54,"slug":55},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":59,"name":60,"slug":61},7,"Foreclosures","foreclosures",{"id":63,"name":64,"slug":65},8,"Infographics","infographics",{"id":26,"name":27,"slug":28},{"id":68,"name":69,"slug":70},11,"First-Time Buyers","first-time-buyers",{"id":72,"name":73,"slug":74},34,"Senior Market","senior-market",{"id":76,"name":77,"slug":78},35,"Mortgage Rates","mortgage-rates",{"id":80,"name":81,"slug":82},38,"Move-Up","move-up",{"id":84,"name":85,"slug":86},41,"For Sale by Owner","for-sale-by-owner",{"id":88,"name":89,"slug":90},42,"Featured","featured",{"id":92,"name":93,"slug":94},45,"New Construction","new-construction",{"id":96,"name":97,"slug":98},52,"Luxury \u002F Vacation","luxury--vacation",{"id":100,"name":101,"slug":102},53,"Rent vs. Buy","rent-vs-buy",{"id":104,"name":105,"slug":106},80,"Time-sensitive","time-sensitive",{"id":108,"name":109,"slug":110},81,"Outdated","outdated",{"id":112,"name":113,"slug":114},147,"Internal","internal",{"id":116,"name":117,"slug":118},148,"Do Not Autopost","do-not-autopost",{"id":120,"name":121,"slug":122},320,"Inventory","inventory",{"id":124,"name":125,"slug":126},321,"Agent Value","agent-value",{"id":128,"name":129,"slug":130},322,"Affordability","affordability",{"id":132,"name":133,"slug":134},323,"Buying Tips","buying-tips",{"id":136,"name":137,"slug":138},324,"Downsize","downsize",{"id":140,"name":141,"slug":142},325,"Economy","economy",{"id":144,"name":145,"slug":146},326,"Equity","equity",{"id":148,"name":149,"slug":150},327,"Forecasts","forecasts",{"id":152,"name":153,"slug":154},328,"Selling Tips","selling-tips",{"id":156,"name":157,"slug":158},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":160,"name":161,"slug":162},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]