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Chart of the Day: Real Estate Down 5%, but Still Up 40%

Crews Bank & Trust Wealth Management Services Mar 29, 2023
$292,710 is the current, average price of a single-family home in the U.S.

Contents

Today's Chart of the Day is of the S&P CoreLogic Case-Shiller Home Price Index published yesterday, March 28.The index figure of 292.71, indicates that $292,710 is the current, average price of a single-family home in the U.S.

This shows the seventh straight month of declining prices, down 5% from its peak in June 2022, and that prices are still 40% higher from the start of the COVID- 19 pandemic three years ago.

However, running the chart back 20 years adds some additional perspective.
Chart of the Day

About the Author

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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