What Experts Say Will Happen with Home Prices Next Year
What Experts Say Will Happen with Home Prices Next Year
Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, home prices have risen at an unsustainable rate, leaving many to wonder how long it would last. If you're asking yourself: what's ahead for the price of my home, know that experts are now answering this question, and its welcome news for homeowners who may have been led by the media to believe their home would lose value.
Historically, home prices have appreciated at a rate near 4%. For 2023, the average of six major forecasters noted below is 2.5%.
So, in recap this means that waiting another 6 months or a year to purchase a home is only going to cost you more money. If you are thinking of purchasing a home and not sure what all this means or if you want to find out if you can get approved for a mortgage.....call me! I am an expert in the mortgage world and would love to help you navigate this exciting step in your life!
Jennifer No
RMLO
C&T Mortgage, Inc
16718 House Hahl Rd Ste H
Cypress, TX 77433
832-220-1480 (office)
936-525-7225 (cell)
Company NMLS: 1231852
Individual NMLS: 1310829
