Don't Let Housing's Seasons Scare You

By: Michael Englund: REALTOR® Magazine Online
Don't worry about a slowdown in home prices just yet, says Michael Englund of Action Economics. Significant price drops are recorded almost every fourth quarter, especially when substantial gains are reported during the second and third quarters.

According to Englund, spring is the busiest season for the housing market and is likely to post the largest transaction volume. Fourth-quarter price data and anecdotal evidence from industry professionals should not be weighed heavily until figures from the following spring are released, he says.