“Here’s a look at why selling now is likely to drive the greatest return on your largest investment.”
There’s no doubt that today’s housing market is changing, and everything we see right now indicates it is time to sell. Here’s a look at why selling now is likely to drive the greatest return on your largest investment.
Home values have been appreciating for several years now, growing at a strong, steady, and impressive pace. In fact, the average annual appreciation rate since 2012 has nearly doubled the average rate from the more normal market of the 1990s (think: pre-bubble).
Appreciation, however, is projected to shift back toward normal, meaning home prices will likely keep climbing over the next few years, but they are not projected to continue to increase at such a high rate.
Here’s What That Means for Homeowners:
As noted in the latest Home Price Expectation Survey (HPES) powered by Pulsenomics, experts forecast an average annual appreciation rate closer to 3.2% over the next five years, which is more in line with a historically normal market (3.6%). The good news is, there’s still time to take advantage of the current strength of home prices by selling your house now.
Looking at the projections as they stand today, 2019 is slated to drive the strongest appreciation as compared to the upcoming few years. With average home prices still on the rise, the pace at which they are predicted to continue increasing will likely soften by 2020.
Bottom Line
If you’re thinking about selling your house, now is a great time to make your move. Don’t get stuck waiting until projected home price appreciation rates potentially re-accelerate again in 2023. You’ll likely earn the greatest return on your investment by selling now before the prices start to normalize next year.
To view original article, visit Keeping Current Matters.
Home Prices Are Climbing in These Top Cities
Persistent demand coupled with limited housing supply are key drivers pushing home values upward.
How Buying or Selling a Home Benefits Your Community
It makes sense that housing creates a lot of jobs because so many different kinds of work are involved in the industry.
Tips for Younger Homebuyers: How To Make Your Dream a Reality
An agent will help you prioritize your list of home features and find houses that can deliver on the top ones.
What Is Going on with Mortgage Rates?
Based on current market data, experts think inflation will be more under control and we still may see the Fed lower the Federal Funds Rate this year.
What More Listings Mean When You Sell Your House
if you’re considering whether or not to list your house, today’s limited supply is one of the biggest advantages you have right now.
Now’s a Great Time To Sell Your House
Late spring and early summer are generally considered the best times to sell a house as these are the seasons most people move and buyer demand grows.