[mulmen]

2008 would like a word. House prices absolutely do go down. They rose for a long time but recently they are again beginning to fall.

Median home price in the US peaked at $479,500.00 in 2022. By Q3 2023 it was down to $431,000.00. In Q3 2024 we reached $420,000.00.

[sgerenser]

Case-Shiller seems to disagree that home prices are still below 2022 levels: https://fred.stlouisfed.org/series/CSUSHPINSA

[mulmen]

Ah yeah fair. The numbers I quoted are median and I don’t have the source. They are from a quick search of financial news. Your index numbers are probably a more sound comparison of overall house prices.

But even using the index numbers it isn’t hard to see that housing prices do in fact go both up and down.

[csomar]

They are not going down because of lack of inventory. Look at commercial, some properties had an 80% discount. But that requires that supply overwhelms demand. It’s not happening with regular housing.