Real Estate Market Update

Real Estate Market Update What Will Happen to Home Prices in 2023? What Will Happen to Home Prices Next Year? Experts are calling for home prices to appreciate in 2023 but at a slower rate. Historically, home prices have appreciated at a 4% rate. But For next year it’s expected to appreciate by 2.5%. And the reason is simple: supply and demand. Two things are driving home […]
Real Estate Market Update Interest Rate is Going Up Again In November 2022 Yes, interest rate is going up again in November 2022 in the next Fed meeting I know this is bad news but I can tell you 2 things: 1. Nothing lasts! The real estate market has been always up and down. It’s expected for interest rate to stabilize for a year then go down. 2. […]
Real Estate Market Update Are We in a Recession? If you’re wondering what a potential recession could mean for the housing market, here’s what history tells us. In four of the last six recessions, home prices actually appreciated, only falling during the early 90s and the housing crash in 2008. Mortgage rates, though, declined during each of the previous recessions. So the short answer […]
Real Estate Market Update Watching the Stock Market? Check the Value of Your Home for Good News While watching the stock market recently may have started to feel pretty challenging, checking the value of your home should come as welcome relief in this volatile time. If you’re a homeowner, your net worth got a big boost over the past few years thanks to rising home prices. And that increase in your wealth came in […]
Real Estate Market Update What Will Happen To Home Prices Next Year Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, home prices have risen at an unsustainable rate, leaving many to wonder how long it would last. If you’re asking yourself: what’s ahead for the price […]
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