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will this recession create a housing market crash or will we be spared so thats a question for you please let me know in the comments down below your opinion I know we have a divided crowd but today lets review the data so I did this real estate update once a month I want to give you the updated information and then we can talk about future predictions so this is a three-year chart of home prices the median sale price of a home in January was 383 249 this is down 11 from its peak eight months ago in May but you have to remember that there is seasonality contributing to this decline so its baked in there on average seasonality brings down home prices by 5.8 percent so thats important because when you compare January of this year to January of last year home prices are up 1.5 percent now lets take a look at mortgage interest rates so what youre looking at here this is a one-year charts of the 30-year fixed mortgage rate and this is Source by Freddie Mac so take a look at what I ci
