Seeing headlines about home prices dropping? Don’t panic.
First of all, prices are still rising in much of the country, just at a slower pace.
But even in the select metros where prices are down slightly, it’s not a red flag. It’s a signal prices are normalizing after several years of rapid appreciation.
Here’s a stat to put those drops into perspective.
Over the past 5 years, home prices rose by 45% nationwide.
The cities seeing drops right now are only down an average of 4%.
That doesn’t come close to erasing the big gains most homeowners had since 2020.
So, don’t let the headlines rattle your confidence. Chances are, you probably still have a lot more equity than you realize.
Want to know how much? DM me and I’ll run the numbers.