Home prices have appreciated by 15% since the beginning of 2022, according to the S&P CoreLogic Case-Shiller Home Price Index –despite mortgage rates doubling in that time frame. Real estate markets are expected to stabilize this year, but buyers shouldn't expect housing prices to come ...
Although 19.9% of houses dropped their prices in August 2024, the sale-to-list price remains at 99.2% and has remained above 98% since February 2023, likely due to the ongoing housing inventory crunch. Basically, this means that buyers are giving sellers almost exactly what they're asking fo...
Zillow: Home values will grow 2.6% in 2025. Although home values aren't likely to drop significantly, it's still positive that they probably won't keep rising at the double-digit pace seen in 2021 and 2022. Without over-the-top bidding wars to drive home prices through the roof, buyer...
Will it turn the corner in 2025? Many of the same pressures will continue to drag real estate. High mortgage rates, fewer homes for sale and record-breaking home prices are all limiting home sales. Against that backdrop, whether the housing market ...
Owning a home in Florida comes with a unique set of challenges homeowners might have to face. Liz Brumer-SmithDec. 20, 2024 Should I Buy a House Now or Wait? If you want to buy a home in 2025, here's how to determine if now is the right time or if waiting is the better move...
Despite some areas of the country experiencing monthly price declines, the likelihood of ahousing market crash—a rapid drop in unsustainably high home prices due to waning demand—remains low for 2024. “[T]he record low supply of houses on the market protects against a market cra...
Change is inevitable. And for investors playing the real estate game, monitoring new trends and adjusting accordingly is do or die. Here are a few examples of the ways in which advancements in tech, travel, and more will impact real estate markets this y
But buyers will still have to contend with home prices that soared to record highs this year. Here’s what experts are forecasting about where mortgage rates will go in 2025: Realtor.com: Average mortgage rates of 6.3% in 2025 Real-estate platform Realtor.com expects the...
Finally, consider a USDA loan if you want to buy or refinance real estate in a rural area. USDA loans have below-market rates — similar to VA — and reduced mortgage insurance costs. The catch? You need to live in a ‘rural’ area and have moderate or low income to be USDA-eligible...
So even if prices dip, few homeowners will find themselves underwater on their mortgages like what happened during the Great Recession. "It’s a really minor drop on top of what have been really major price gains over the last decade," says Hale. ...