HOME PRICES CLIMBING

Home prices climbing right in front of our eyes. However it is in the more normal deceleration mode over the next five years at least through 2028. The pandemic is over, however the housing market has not fully recovered and still standing with about a thirty day supply. Expert forecasters predict home prices will certainly climb over the next five years from where we currently stand. The home price expectation survey, from Fannie Mae is a survey of over one hundred economist, real estate experts, investment and market strategists. If you are thinking about buying a home ask yourself these questions. Where do I think home prices are heading? One reliable place you can turn to for information on home price forecasts link https://www.fanniemae.com/newsroom/fannie-mae-news/q4-2023-home-price-expectations-survey

Don't forget it is truly better to own than to rent, click link to learn more /BETTER-TO-OWN-THAN-RENT---32819---32836---Dr-Phillips-6-24944.html 

HOME PRICES RISING

Home prices are rising at a moderate pace now as of November 2023 which is good news, not just for the market, but for you as a homebuyer. It means if you buy now, your home will likely grow in value. You should gain home equity in the years ahead. Based on these forecasts, the home will cost you more later on, especially in those demographically cities with are strong with healthy job markets. So realistically buy now or pay more later. The rule still applies, marry the home and date the rate. Rates are forecasted on a pull downward as inflation eases.

No one can say with absolute certainty where mortgage rates will go from here. Recent decline from the recent decision from the federal government to stop rate increases shows the public that things are getting a bit better and affordability should improve as mortgage interest rates continue to ease. Mortgage rates shall continue to ease in 2024 as inflation improves and federal government cuts gets closer. A key factor is that this starts to provide affordability relief to eager homebuyers that like to get in the housing market and stop renting. Click on like to learn more about the rental trap /RENTAL-TRAP---32819---32836---Dr-Phillips-6-23993.html    

Stay connected with a trusted advisor today. Contact Kevin Strawter at 850 496-6412. Referrals always welcome.