Where are Home Values Headed over the Next Few Years?
There are many questions about where home prices will be next year as well as where they may be headed over the next several years to come. We have gathered the most reliable sources to help answer these questions:
The Home Price Expectation Survey – A survey of over 100 market analysts, real estate experts, and economists conducted by Pulsenomics each quarter.
Zelman & Associates – The firm leverages unparalleled housing market expertise, extensive surveys of industry executives, and rigorous financial analysis to deliver proprietary research and advice to leading global institutional investors and senior-level company executives.
Mortgage Bankers Association (MBA) – As the leading advocate for the real estate finance industry, the MBA enables members to successfully deliver fair, sustainable, and responsible real estate financing within ever-changing business environments.
Freddie Mac – An organization whose mission is to provide liquidity, stability, and affordability to the U.S. housing market in all economic conditions extending to all communities from coast to coast.
The National Association of Realtors (NAR) – The largest association of real estate professionals in the world.
Fannie Mae – A leading source of financing for mortgage lenders, providing access to affordable mortgage financing in all markets always.
Here are their projections of prices going forward:
Bottom Line
Every source sees home prices continuing to appreciate – just at lower percentages as we move through the next several years.
To view original article, visit Keeping Current Matters.
Beginning with Pre-Approval
Pre-approval gives you critical information about the homebuying process that’ll help you understand how much you may be able to borrow.
Your Home Equity Can Offset Affordability Challenges
Some homeowners are reluctant to sell and take on a higher mortgage rate on their next home, but what about home equity?
Are More Homes Coming onto the Market?
If you’ve been putting off selling your house, now may be the sweet spot to make your move. The longer you wait, the more competition you’ll have.
Why Is Housing Inventory So Low?
The shortage of inventory isn’t just a today problem. It’s been a challenge for years. Let’s take a look what contributed this limited supply
What Experts Project for Home Prices Over the Next 5 Years
Once you buy a home, price appreciation raises your home’s value, and that grows your household wealth.
Planning to Retire? Your Equity Can Help You Make a Move
Whether you’re looking to downsize, relocate to a dream destination, or move closer to friends or loved ones, equity in your home may help.