What Experts Are Saying About Home Prices in the Coming Year Right now, most experts are forecasting home price appreciation in 2023, but at a much slower pace than the last two years. The average of the six forecasters below is for national home prices to appreciate by 2.5% in the coming year. Only one of the […]
Is the Real Estate Market Slowing Down, or Is This a Housing Bubble?
Buyers Are Regaining Some of Their Negotiation Power in Today’s Housing Market
If you’re thinking about buying a home today, there’s welcome news. Even though it’s still a sellers’ market, it’s a more moderate sellers’ market than last year. And the days of feeling like you may need to waive contingencies or pay drastically over asking price to get your offer considered may be coming to a close. […]
Two Questions Every Homebuyer Should Ask Themselves Right Now
2. Where Do I Think Interest Rates Are Heading? Like mentioned above, Ratiu sees mortgage rates rising over the next several months. Another expert agrees. Mark Fleming, Chief Economist at First American, says: “While mortgage rates are expected to continue to drift higher over the coming months, much of the rapid increase in rates is likely behind us.” […]