https://www.sbcacomponents.com/media/is-the-overall-housing-market-entering-new-phase
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@Bill_D thank you! Pretty dramatic how the price of wood in general affects existing real estate …
"The Zillow Home Value Index (ZHVI) for the U.S. rose to $308,220 in September, up 1.6% from August. That’s the second straight slowdown after monthly appreciation peaked this year at 2% in July. Monthly home value appreciation slowed from August in 44 of the 50 largest U.S. metros. Monthly growth in these markets ranged from a low of 0.4% in San Jose to 3% appreciation in Raleigh.
Despite the modest cooling, September marked the fourth-fastest monthly pace of appreciation and a record pace of yearly appreciation in Zillow data dating back to 2000. The typical U.S. home was worth 18.4% more in September 2021 than it was in September 2020, surpassing August’s then-record of 17.5% year-over-year appreciation. Annual appreciation in large markets was in the double digits across all 50 major markets, ranging as high as an eye-watering 44.9% in Austin and 32.2% in Phoenix to a comparatively “sluggish” rate of 13.2% in New Orleans."
Care to reconsider?
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The looks remains pretty strong to me, what are you seeing?
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