Between inflation, increased prices, and rising interest rates from the Federal Reserve, it can sound like doom and gloom is waiting for anyone searching for a new home these days. It has left a lot of homeowners asking, should you buy a home now or “wait it out” for a better rate? A look into the past and a quick projection into the future will show you, there’s a smart choice to be made right...
What’s Causing Ongoing Home Price Appreciation? If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year. While experts say price growth will moderate due to the shifting market, ongoing appreciation is expected. That means home prices won’t fall. Here’s a look at two key reasons experts forecast continued price growth: supply and demand. While Growing, Housing Supply Is Still Low Even though inventory is increasing this year...
Thank you to AmericaHomeKey, Inc for sharing the following information from Fannie Mae: Despite the still fragile housing market, Fannie Mae expects housing starts to triple by 2013. According to the agency's economic outlook, housing starts are predicted to increase 17.3% and hit 710,000 this year, with another 47% increase to 1.1 million in 2012 and another gain of 42% in 2013 to nearly 1.5 million. In 2010, there were about 510,000 housing starts....
