Real Estate Blog - News

5 Experts Got It Wrong, What Does the 2023 Home Price Forecast Look Like?

Posted by Shane Andersen on October 18th, 2023

Negative news sells! So, when you’re looking at housing news, be sure you keep your thinking hat on. Here’s what we’ve noticed based on some of this news. What does these 5 companies say about the 2023 Home Price Forecast now?  Check it out and let us know at the Brookings Home Team if you have any questions!

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Are Home Prices Going Up or Down? That Depends....

Posted by Shane Andersen on July 12th, 2023

Are Home Prices Going Up or Down? That Depends…

Media coverage about what’s happening with home prices can be confusing. A large part of that is due to the type of data being used and what they’re choosing to draw attention to. For home prices, there are two different methods used to compare home prices over different time periods: year-over-year (Y-O-Y) and month-over-month (M-O-M). Here's an explanation of each. 

Year-over-Year (Y-O-Y):

• This comparison measures the change in home prices from the same month or quarter in the previous year. For example, if you're comparing Y-O-Y home prices for April 2023, you would compare them to the home prices for April 2022.
• Y-O-Y comparisons focus on changes over a one-year period, providing a…

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