Forget the Price of the Home. The Cost is What Matters.
Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward. As an example, CoreLogic
increased their 12-month projection for home values from 4.5% to 5.6% over the last few months.
RECENT POSTS:
If you've been thinking about selling, you've probably seen plenty of headlines suggesting buyers have just about disappeared.
If the first half of this year has left you feeling stuck, you're not the only one. Mortgage rates stayed higher than people wanted.
Saving for a down payment can feel like the hardest part of buying a home.
After the Fed's June meeting, "I'll wait for rates to drop" is a weaker bet. Here's the honest version of that conversation.
One of the biggest reasons buyers are still sitting on the sidelines is because they think home prices are going to come down.
A lot of people who want to move are telling themselves the same thing:
"Maybe I'll just wait until later this year once things calm down."
