Mortgage
Thinking about buying a home or selling your current one to find a better fit? If so, you might be wondering what's going on with home prices these days. Here's the scoop.
The latest national data from Case-Shiller and the Federal Housing Finance Agency (FHFA) shows they’re going up (see graphs below):
As you can see, home prices were rising for most of 2023. But over the course of December and January, they were virtually flat – which is pretty normal for that time of year.
But here's what you need to know now. As of February, when the spring market kicked off, prices were on the rise again.
After seeing a jump in home prices nationally in February, you might be wondering if they’re going up in your area, too. While it depends on where you live, prices are rising in 18 of the top 20 cities Case-Shiller reports on in the monthly price index (see chart below):
Most experts also think home prices will keep rising and end the year on a high note. Forbes explains why:
“Even as mortgage rates have reached their highest level since November, persistent demand coupled with limited housing supply are key drivers pushing home values upward.”
The data shows home prices are increasing nationally. Let's chat to see exactly what’s going on with prices in our neighborhood.
Stay up to date on the latest real estate trends.
Mortgage
Thanks to recent home price appreciation, homeowners have near record amounts of equity – and you may too
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2 beds | 2 baths | 1,971 sq ft
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Let’s take a look at some historical data to show what’s happened in the housing market during each recession
Mortgage
Some areas are still super competitive for buyers, while others are seeing more homes sit on the market
Mortgage
Most homeowners today are in a much stronger equity position, even with rising costs.
Mortgage
What’s holding you back from taking advantage of this sweet spot?
Mortgage
There’s a much wider selection of homes for sale, with more fresh listings hitting the market each month.
Mortgage
Real estate rewards those who get in the market, not those who try to time it perfectly
Mortgage
Your equity isn’t just a number. It’s a tool.
You’ve got questions and we can’t wait to answer them.