“Comerica forecasts that national house prices will rise 2.9% in 2024,” said Bill Adams, chief economist at Comerica Bank, in an emailed statement. Divounguy also notes that several factors, including Millennials entering their prime home-buying years, wage growth and financial wealth...
In January 2023, some experts predicted that rates would be around 4.5% by the end of 2024, which obviously didn't come to pass. Federal Reserve Chair Jerome Powell says it best: "Forecasts are highly uncertain. Forecasting is very difficult. Forecasters are a humble lot with much to be...
The report forecasts that mortgage rates will average 6.3% across 2025 and end the year at 6.2%. That’s a leg down from the 6.7% average expected across 2024 by year-end, but still well above the 4% historical average recorded from 2013 to 2019. Home prices will grow an additional 3.7...
In January 2023, some experts predicted that rates would be around 4.5% by the end of 2024, which obviously didn't come to pass. Federal Reserve Chair Jerome Powell says it best: "Forecasts are highly uncertain. Forecasting is very difficult. Forecasters are a humble lot with much to be...
Zillow forecasts for the Asheville MSA predict modest growth throughout 2024, with a more significant rise in 2025. Here's a breakdown of their predictions: May 2024:0.4% increase July 2024:0.3% increase April 2025:1.6% increase Will it Crash or Boom?
Here’s the thing: Housing market predictions are about as reliable as weather forecasts. The real estate professionals make their best predictions based on data, but no one can know what’s going to happen with 100% accuracy. Still, even though the housing market is uncertain, you can liste...
particularly in the West and Northeast, will continue to see steady price increases. The top markets for price increases in the next year include Miami, Boston and Denver, CoreLogic forecasts. Markets that it predicts will be most susceptible to price decreases include Atlanta and Salt Lake City...
particularly in the West and Northeast, will continue to see steady price increases. The top markets for price increases in the next year include Miami, Boston and Denver, CoreLogic forecasts. Markets that it predicts will be most susceptible to price decreases include Atlanta and Salt Lake City...
particularly in the West and Northeast, will continue to see steady price increases. The top markets for price increases in the next year include Miami, Boston and Denver, CoreLogic forecasts. Markets that it predicts will be most susceptible to price decreases include Atlanta and Salt Lake City...
Zillow forecasts 4.3 million sales of existing homes in 2025, up slightly from the 4 million expected to sell in 2024. The combination of lower rates and an uptick in the number of for-sale listings could help make even more markets affordable for buyers, provided that incomes keep pace. A...