Prices finally fell last month after 3.5 years of increases
Prices had been increasing steadily since the end of 2014 until last month, when they finally started to drop. This trend was largely due to a glut of housing supply coupled with weak demand due to economic concerns. The dip in prices was welcomed by many potential buyers, who had previously been put off by the high cost of housing. Prices in many areas have continued to decrease since last month, making it a good time to purchase a home.