When housing prices will stabilize

[Ethan Gidcumb]

Hey! I was listening to a podcast and read an article released by ATTOM and wanted some feedback from other investors. 

According to ATTOM's Q2 2023 U.S. Home Sales Report, profit margins on, "median-priced single-family home and condo sales" have increased to 47.7 percent in Q2; whereas, in Q1 we saw profit margins at 43.9 percent. ATTOM recorded Q2 as the first gain we have seen in home sales in a year. This data goes in hand with a podcast I was listening to from Housingwire Daily, where Selma Hepp explained that home prices have gone up around 40% since the pandemic, and were at a 60% increase at its peak. 

As an investor myself, I'm curious whether others think housing prices will continue to go down, or, if this recent increase will be the first of many?

https://www.attomdata.com/news...

https://www.housingwire.com/po...