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Does It Make Sense To Buy a Home Right Now?

Written by Mortgage Calculator Florida Syndicated User on March 21, 2024. Posted in First Time Home Buyers, For Buyers, Pricing.

Thinking about buying a home? If so, you’re probably wondering: should I buy now or wait? Nobody can make that decision for you, but here’s some information that can help you decide.What’s Next for Home Prices?Each quarter, Fannie Mae and Pulsenomics publish the results of the Home Price Expectations Survey (HPES). It asks more than 100 experts—economists, real estate professionals, and investment and market strategists—what they think will happen with home prices.In the latest survey, those experts say home prices are going to keep going up for the next five years (see graph...

Why We Aren’t Headed for a Housing Crash

Written by Mortgage Calculator Florida Syndicated User on March 1, 2024. Posted in Housing Market Updates, Interest Rates, Pricing.

If you’re holding out hope that the housing market is going to crash and bring home prices back down, here’s a look at what the data shows. And spoiler alert: that’s not in the cards. Instead, experts say home prices are going to keep going up.Today’s market is very different than it was before the housing crash in 2008. Here’s why.It’s Harder To Get a Loan Now – and That’s Actually a Good ThingIt was much easier to get a home loan during the lead-up to the 2008 housing crisis than it is today. Back then, banks had different lending standards, making it easy for just about anyone to qualify...

Expert Home Price Forecasts for 2024 Revised Up

Written by Mortgage Calculator Florida Syndicated User on February 23, 2024. Posted in Housing Market Updates, Pricing.

Over the past few months, experts have revised their 2024 home price forecasts based on the latest data and market signals, and they’re even more confident prices will rise, not fall.So, let’s see exactly how experts’ thinking has shifted – and what’s caused the change.2024 Home Price Forecasts: Then and NowThe chart below shows what seven expert organizations think will happen to home prices in 2024. It compares their first 2024 home price forecasts (made at the end of 2023) with their newest projections: The middle column shows that, at first, these experts thought home prices would only...

Don’t Let the Latest Home Price Headlines Confuse You

Written by Mortgage Calculator Florida Syndicated User on February 16, 2024. Posted in Housing Market Updates, Pricing.

Based on what you’re hearing in the news about home prices, you may be worried they’re falling. But here’s the thing. The headlines aren’t giving you the full picture.If you look at the national data for 2023, home prices actually showed positive growth for the year. While this varies by market, and while there were some months with slight declines nationally, those were the exception, not the rule.The overarching story is that prices went up last year, not down. Let’s dive into the data to set the record straight. 2023 Was the Return to More Normal Home Price GrowthIf anything, last year...