Experts forecast home prices will go up over the next five years. They expect Mortgage Rates to go down. Mortgage Rates have already retreated from recent peaks near 8% and may fall further, according to Mark Fleming, Chief Economist First American. They project there will be more homes for sale. Supply will loosen up in… [Read more…]
2023 Mortgage Market Outlook (And What The Experts Say)
Last year, one factor drove the real estate market 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.1 And while some market sectors have been slow to respond, the housing market has reacted accordingly. Both… [Read more…]
Why Real Estate won’t crash like 2008
With all of the volatility in the stock market and uncertainty about the Coronavirus (COVID-19), some are concerned we may be headed for another housing crash like the one we experienced from 2006-2008. The feeling is understandable. Ali Wolf, Director of Economic Research at the real estate consulting firm Meyers Research, addressed this point in… [Read more…]
2020 Housing Market Experts Forecast
According to the experts, 2020 is looking bright when it comes to the housing market. Let’s connect to talk about how these numbers can bring you one step closer to homeownership this year. According to the experts, 2020 is looking bright when it comes to the housing market . This may be your year either… [Read more…]
Where are Home Prices Headed Over the Next Few Years?
According to housing market experts, the real estate market is healthy and prices are expected to appreciate the new few years. Following are some of the predictions by the market experts. Home Prices are projected to rise through 2023 Home prices are expected to level off to more normal appreciation pace What does this mean… [Read more…]
Vero Beach, one of the best 15 housing markets for the next 5 years
Vero Beach Florida is named one of the 15 best housing and real estate markets for the next 5 years in an article published by Business Insider online business web site that offers business related news and articles. According to this article, Vero Beach and Sebastian housing markets are expected to grow 8.7% on annualized… [Read more…]