Mortgage
Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of the country. And as we get closer to the spring real estate market, experts are continuing to forecast what they believe will happen with home prices this year and beyond.
Selma Hepp, Chief Economist at CoreLogic, says:
“While 2023 kicked off on a more optimistic note for the U.S. housing market, recent mortgage rate volatility highlights how much uncertainty remains. Nevertheless, the continued shortage of for-sale homes is likely to keep price declines modest, which are projected to top out at 3% peak to trough.”
Additionally, every quarter, Pulsenomics surveys a panel of over 100 economists, investment strategists, and housing market analysts regarding their five-year expectations for future home prices in the United States. Here’s what they said most recently:
So, given this information and what experts are saying about home prices, the question you might be asking is: should I buy a home this spring? Here are three reasons you should consider making a move:
Experts are projecting slight price depreciation in the housing market this year, followed by steady appreciation. Given that, you may be wondering if you should move ahead with buying a home this spring. The decision to purchase a home is best made when you do it knowing all the facts and have an expert on your side.
Stay up to date on the latest real estate trends.
Mortgage
Moving this winter can give you significant advantages, like less competition, more negotiating power, and lower prices.
Mortgage
If you’re open to doing a bit of work, they can be a great way to overcome today’s affordability hurdles.
Mortgage
Let’s connect so you don’t fall into any of these traps.
Mortgage
More choices could be the key to unlocking your homebuying goals in 2025
Mortgage
If you’re able to make the numbers work, buying a home has powerful long-term financial benefits.
Mortgage
Forecasts show prices will climb for at least the next 5 years. If you wait, the price of a home will be higher later on.
Mortgage
Working with a creative local real estate agent is a smart way to ensure your house grabs the attention of the right buyers.
Mortgage
There are options that can help make buying a home possible today — even if your savings are limited or your credit isn’t perfect.
Mortgage
Data from the Federal Housing Finance Agency shows that home values have gone up nearly 60% over the last 5 years alone.
You’ve got questions and we can’t wait to answer them.