According to the most recent release, the experts are projecting home prices will continue to rise at least through 2028 (see the graph below):
So, why does this matter to you? While the percent of appreciation may not be as high as it was in recent years, what’s important to focus on is that this survey says we’ll see prices rise, not fall, for at least the next 5 years.
“. . . mortgage rates will continue to ease in 2024 as inflation improves and Fed rate cuts get closer. . . . a key factor in starting to provide affordability relief to homebuyers.”
“Mortgage rates likely have peaked and are now falling from their recent high of nearly 8%. . . . This likely will improve housing affordability and entice more home buyers to return to the market . . .”
TIME CHANGE - July 20 - 9AM-12PM | July 21 - 9AM-11AM
Should you buy a home now or should you wait? That’s a big question on many people’s minds today.
Buyers face challenges in any market – and today’s is no different.
There are more homes up for grabs this year.
Let’s break down what it is and why it’s important if you’re looking to buy a home in 2024.
As you think about the year ahead, one of your big goals may be moving.
If you’re looking to buy a home, you’ve probably been paying close attention to mortgage rates.
If you’ve been holding off on selling your house to make a move because you felt mortgage rates were too high, their recent downward trend is exciting news for you.
The Snyder | Bradshaw Group is led by two real estate veterans who partnered to create an unmatched real estate experience for their clients. Their extensive real estate knowledge and unique approach have forged an elevated level of customer service that benefits their selling clients and buyers alike.