The answer to this question is complicated and depends on many factors, such as the local housing market, current economic conditions, and the overall state of the national housing market. In some markets, home values have already hit bottom, while in other markets, home values may continue to decline in the near future. The best way to determine if home values have hit bottom in your area is to talk to a local real estate agent.

Bottom Line

 If you have questions about what’s happening with home prices in our local market, let’s connect.