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2025 Housing Market Forecasts: What To Expect
Looking ahead to 2025, it’s essential to know what experts are projecting for the housing market. Whether you’re considering buying or selling a home next year, having a clear picture of what they are for can help you make the best possible decision regarding your homeownership plans. Here’s an early look at the most recent projections…
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Housing Market Forecast: 2nd Half of 2024
As we move into the second half of 2024, here’s what experts say you should expect for home prices, mortgage rates, and home sales. Home Prices Are Expected To Climb Moderately Home prices are forecasted to rise at a more normal pace. The graph below shows the latest forecasts from seven of the most trusted sources in the industry:…
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What’s Next for Home Prices and Mortgage Rates?
If you’re thinking of making a move this year, there are two housing market factors that are probably on your mind: home prices and mortgage rates. You’re wondering what’s going to happen next. And if it’s worth it to move now, or better to wait it out. The only thing you can really do is make the best decision you can…
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What You Need To Know About Home Prices
According to recent data from Fannie Mae, almost 1 in 4 people still think home prices will come down. If you’re one of the people worried about that, here’s what you need to know. Much of that fear probably comes from what you hear in the media or reading online. But here’s the thing to remember. Negative news…
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Is Buying a Home Now a Smart Move?
Are you thinking about buying a home? If so, you’re probably wondering: Should I buy now or wait? Nobody can make the decision for you, but here’s some information to help you decide. What’s Next for Home Prices? Fannie Mae and Pulsenomics publish the Home Price Expectations Survey (HPES) results each quarter. It asks more than 100 experts—economists, real estate professionals,…
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2024 Expert Home Price Forecasts Revised Up
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 Now The chart below shows what seven…
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Don’t Let Home Price Headlines Confuse You!
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 whole picture. If you look at the national data for 2023, home prices showed positive growth for the year. While this varies by market, and there were some months with slight declines nationally,…
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Experts Project Home Prices Will Increase in 2024
Even though home prices are rising nationally, some people still worry they might come down. A recent survey from Fannie Mae found that 24% of people think home prices will decline over the next 12 months. That means almost one out of every four people are dealing with that fear, and you might be, too. To help ease that…
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3 Key Factors Affecting Home Affordability
Over the past year, many people have talked about housing affordability and how tight it’s gotten. But recently, there’s been a little relief on that front. Mortgage rates have gone down since their most recent peak in October. But there’s more to being able to afford a home than just mortgage rates. To understand home affordability, you must consider…
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Key Questions Before Home Purchase
If you’re considering buying a home this year, you’re probably paying closer attention to the housing market. And you’re getting your information from various channels: the news, social media, your real estate agent, conversations with friends and loved ones, the list goes on and on. Most likely, home prices and mortgage rates are coming up a lot. Here are the…