Have Home Prices FINALLY Peaked? - May 2022 LA Housing Market Update
With the Federal Reserve signalling a .5% rate increase today, will this finally push the housing market over the edge? Has housing finally peaked?
So far the objective data would not suggest a peak in home prices, but leading indicators and subjective data are pouring in already that things are cooling off quickly. Certainly, rates can't continue their march higher for much longer before we see weakness in the housing market like we've been seeing in the stock market.
Watch the video to find out my thoughts on whether we've hit a peak in the housing market.
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The Weber Real Estate Team
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