I'm sure you've all heard how low mortgage interest rates are. And certianly now is a good time to buy your first home, move up or downsize (especially you empty nesters out there), or
Home Appreciation Is On The Rise, And The Demand – It May Be A Good Time For Homebuyers To Act Now
Dated: September 25 2019
Views: 563
In housing news, CoreLogic reported that home prices rose 0.5% in July and 3.6% year over year. The year over year reading increased from 3.4% to 3.6% and remains at a very sustainable and meaningful level for wealth creation.
CoreLogic forecasts that home prices will appreciate by 5.4% in the year going forward, which is very strong and better than the 5.2% year over year reading forecasted last month.
Frank Martel, CEO and President of CoreLogic, said that “Although the rise in home prices has slowed over the past several months, we see a reacceleration over the next year to just over 5% on an annualized basis. Lower rates are certainly making it more affordable to buy homes and millennial buyers are entering the market with increasing force. These positive demand drivers, which are occurring against a backdrop of persistent shortages in housing stock, are the major drivers for higher home prices, which will likely continue to rise for the foreseeable future.”
Housing industry experts are expecting to generally see housing appreciation increase year over year. Before home prices go up, it may be a good time now for your clients who have been looking to buy but just haven’t entered the housing market.
Who do you know that's been talking about buying, selling, or investing in Real Estate? Call Allen and start packing! 760-271-5153
Allen Meredith
If you are looking for a low-pressure agent that knows North San Diego area, well look no further than Allen Meredith. Allen grew up in North County, raised his family in North County, and will help y....
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In housing news, CoreLogic reported that home prices rose 0.5% in July and 3.6% year over year. The year over year reading increased from 3.4% to 3.6% and remains at a very sustainable and
Based on information from California Regional Multiple Listing Service, Inc. as of April 20, 2021 5:36 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not tofurther investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g.square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial usein accordance with
Based on information from California Regional Multiple Listing Service, Inc. as of April 20, 2021 5:36 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
