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todays video is about the housing markets were covering home prices and real estate but were also covering the rental market so this video will be applicable to everyone so Im going to show you the data so I do this housing market update once a month and Ill be referencing February data because February data is released in late March so lets get started youre looking at a three-year chart of home prices the median sale price of a home in February was 386 527 this is down 10 percent from its peak nine months ago in May but remember you have to factor in that theres seasonality going on so seasonality is contributing to this decline thats important because when you compare February of this year to February of last year home prices are down just 1.1 percent however home prices are up in February compared to January the median sale price was 383 249 in January so month over month home prices are up now lets take a look at mortgage interest rates this is a one-year chart to the 30