What’s the real estate forecast for 2024? Will home prices continue to climb, or will they crash? What direction are mortgage rates moving, and will more homes come on the market?
Read on to learn more about the current state of the U.S. housing market, the potential opportunities for buyers and sellers, economists’ predictions for the year ahead, and what it all means for you.
Continue reading Real Estate Forecast 2024: Opportunities for Home Buyers and Sellers
Last year, one factor drove home prices more than any other: rising mortgage rates.
In March 2022, the Federal Reserve began a series of interest rate hikes in an effort to pump the brakes on inflation. And while some market sectors have been slow to respond, the housing market has reacted accordingly.
Both demand and price appreciation have tapered, as the primary challenge for homebuyers has shifted from availability to affordability. And although this higher-mortgage rate environment has been a painful adjustment for many buyers and sellers, it should ultimately lead to a more stable and balanced real estate market.
So, what can we expect in 2023? Continue reading Home Prices in 2023 and What That Means for You
Home prices skyrocketed in San Diego and the rest of the country last year, and odds are that your home earned more than you did.
Continue reading Home Prices Soar: Did Your Home Outearn You Last Year?
The housing market is caught up in a basic supply and demand predicament. Homes in the U.S. are selling at lightning speed, but the availability of listings remains limited. Helped by historically low mortgage rates, buyers keep shopping for homes. This reduces the available inventory and pushes home prices up across the country.
Continue reading 5 Factors Telling Us Where the Housing Market Is Headed
Learn how to determine your current net worth and how an investment in real estate can help improve your bottom line.
Continue reading Could Rising Home Prices Impact Your Net Worth?
We’re in the midst of the longest economic expansion in U.S. history, and the real estate forecast says there’s still room to grow. A recent survey by the National Association for Business Economics found that experts believe the U.S. economy will remain positive throughout 2020.
Still, given that recessions are a natural (and necessary) part of a business cycle, we know this period of growth will inevitably end. So you may be wondering, how will an eventual recession impact the real estate market?
Continue reading Real Estate Market Forecast 2020Rising interest rates have a significant impact on your mortgage payment and your ability to qualify for a loan. Whether you are looking for your first home or your fifth, you are probably going to need a mortgage to purchase it. The infographic below shows what your payment would be as interest rates increase.
Continue reading Interest Rate Impact
One of the most common questions I get at this time of year is, “What’s going on in the market?” It’s not just potential buyers and sellers who are curious; homeowners always want reassurance their home’s value is going up. The good news is the American real estate market is strong and healthy. Home values are up, prices and sales are strong, and millennial, first-time buyers are eager to become homeowners.
We often use national real estate numbers to give us a clearer view of our local market. However, real estate is local, and while statistics and predictions help us understand the overall real estate market, our local market may be different. If you’re thinking of buying or selling, or just want to know how much your home is worth, give me a call!
Continue reading Real Estate 2017: What to Expect