OCALA, Fla., May 3, 2017 /PRNewswire/ -- HousingAlerts, a leading provider of real estate market analytics, just released the findings from their comprehensive Quarter-Over-Quarter (Q-O-Q) analysis of the U.S. real estate market. This analysis found that on a real or inflation-adjusted basis, home prices in 199 out of 403 major metropolitan markets (49.4%) fell compared to the previous quarter.
Q-O-Q Numbers Indicate Markets Are Starting to Change
Q-O-Q (vs. Annual) data provide early insight when markets are starting to change, as it appears they're starting to do right now. Home prices (on a 'real' or inflation adjusted basis) in 199 major U.S. markets were LOWER than they were three-months earlier; that's almost one-half of ALL markets nationwide.
As new time periods roll out, these preliminary quarterly results will get confirmed (or not) with Annual data. It's important to note that while quarterly indicators tend to bounce around a bit, the overall signal is alarming.
QUOTES FROM HOUSINGALERTS' CEO KEN WADE:
- "This is a pretty serious market reversal. When half of all real estate markets can't even keep up with inflation, it could spell big trouble on the horizon. We'll see if these early (quarterly) indicators get confirmed in the upcoming months."
- "Besides this list of major markets in decline – here's a screen shot of our hi-tech "A-D Indicator" confirming the overall bull market in real estate has run its course. You now need to be far more informed and discerning where and when you invest."
About Ken Wade
Ken Wade is a C.P.A. with an M.B.A. from the Harvard Business School and veteran real estate investor.
HousingAlerts.com has been providing actionable, proven local real estate market analytics for investors, builders, brokers, lenders and homeowners nationwide since 2006.
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