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Home Price Forecasts Revised for 2023 [INFOGRAPHIC]

September 8, 2023 by Carlos

Home Price Forecasts Revised for 2023 [INFOGRAPHIC] Simplifying The Market

Some Highlights

  • Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low.
  • While it’s normal for experts to re-forecast throughout the year, the good news for 2023 is that prices are no longer projected to decrease.
  • Connect with your trusted real estate agent to find out what’s happening with home values in your local area.

Sources

 

  • https://www.mba.org/docs/default-source/research-and-forecasts/forecasts/mortgage-finance-forecast-dec-2022.pdf
  • https://www.mba.org/docs/default-source/research-and-forecasts/forecasts/2023/mortgage-finance-forecast-aug-2023.pdf
  • https://www.fanniemae.com/media/45801/display
  • https://www.fanniemae.com/media/48726/display
  • https://twitter.com/NewsLambert/status/1671900591113609216 (Morgan Stanley)
  • https://twitter.com/NewsLambert/status/1671556169712672768 (AEI)
  • https://www.zillow.com/research/data/
  • https://www.zillow.com/research/housing-market-challenges-32923/
  • https://ustoday.news/a-20-drop-in-house-prices-7-forecast-models-tend-to-crash-here-the-other-13-models-show-the-housing-market-in-2023/ (Wells Fargo)
  • https://twitter.com/NewsLambert/status/1686959362563092480 (Wells Fargo)
  • https://twitter.com/NewsLambert/status/1691799764466008217 (Goldman Sachs)
  • https://pulsenomics.com/surveys/#home-price-expectations
  • https://www.corelogic.com/intelligence/us-corelogic-sp-case-shiller-index-down-by-0-5-year-over-year-in-may-but-a-turning-point-may-be-ahead/
  • https://view.e.fanniemae.com/?qs=

Filed Under: Buy A House

Homeowners Have a Lot of Equity Right Now [INFOGRAPHIC]

September 1, 2023 by Carlos

Homeowners Have a Lot of Equity Right Now [INFOGRAPHIC] Simplifying The Market

Some Highlights

  • Your equity grows as you pay down your home loan and as home prices increase. With home prices rising again, your equity is getting an extra boost.
  • Almost half of homeowners are equity rich because they have at least 50% equity in their homes. If you’ve been in your home for a while, you might have gained a considerable amount of equity, too.
  • Want to find out how much equity you have? Connect with a trusted real estate agent for a Professional Equity Assessment Report (PEAR).

Filed Under: Buy A House

Today’s Housing Market Has Only Half the Usual Inventory [INFOGRAPHIC]

August 25, 2023 by Carlos

Today’s Housing Market Has Only Half the Usual Inventory [INFOGRAPHIC] Simplifying The Market

Some Highlights

  • There are only about half the number of homes for sale compared to the last normal years in the market.
  • That means buyers don’t have enough options right now. So, if you work with an agent to list your house, it should be in the spotlight. 
  • If you’re thinking of selling, get in touch with a local real estate agent so your house can stand out while there’s such a shortage of supply and buyers are craving more options.

Filed Under: Buy A House

Don’t Expect a Wave of Foreclosures [INFOGRAPHIC]

August 18, 2023 by Carlos

Don’t Expect a Wave of Foreclosures [INFOGRAPHIC] Simplifying The Market

Some Highlights

  • With ongoing high inflation pushing up everyday costs, some people are worried that’ll create a flood of foreclosures. Here’s why that’s unlikely.
  • Fewer people are seriously behind on mortgage payments right now. If foreclosures were going to rise a lot, more people would need to be late on their payments.
  • Since most are paying on time, a wave isn’t coming. If you’re concerned about a flood of foreclosures, the data shows that’s not likely.

Filed Under: Buy A House

Home Prices Are Back on the Rise [INFOGRAPHIC]

August 11, 2023 by Carlos

Home Prices Are Back on the Rise [INFOGRAPHIC] Simplifying The Market

Some Highlights

  • Looking at monthly home price data from six expert sources shows the worst home price declines are behind us, and they’re rising again nationally.
  • If you’ve put your plans to move on pause because you were worried about home prices crashing, this rebound is good news.
  • Connect with a local real estate agent so you know what’s happening with prices in your area.

Filed Under: Buy A House

Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC]

August 4, 2023 by Carlos

Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC] Simplifying The Market

Some Highlights

  • Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth.
  • Where mortgage rates go for the rest of the year will depend on inflation. Based on historical trends, rates are likely to ease as inflation continues to cool.
  • Even though low inventory continues to be a challenge, experts project 5 million homes will still sell this year. That pace should pick up if rates come down.

Filed Under: Buy A House

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