Real Estate In Minutes

What Will It Take for Prices To Come Down?

Posted by Patrick Kelley on December 10, 2024 in  Forecasts  Home prices  Inventory  Supply & Demand
  You may be wondering if home prices are going to crash. And believe it or not, some people might even be hoping this happens so they can finally purchase a more affordable home. But experts agree that's not what's in the cards – and here's why. There are more people who want to buy a home than there are homes available to purchase. That’s what drives prices up. Let’s break that down and explore why, nationally, home prices aren’t going to be coming down anytime soon.... read more

Why Home Sales Bounce Back After Presidential Elections

Posted by Patrick Kelley on October 29, 2024 in  2024  Forecasts  Home sales
  With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market. Let’s break it down. Election Years Bring a Temporary Slowdown In any given year, home sales slow down slightly in the fall. It’s a typical, seasonal trend. However, according to data from BTIG, in election years there’s usually a slightly larger dip in home sales in the month leading up to Election Day (see graph below): Why? Uncertai... read more

Why Buying Now Is Worth It

Posted by Patrick Kelley on October 18, 2024 in  2024  Experts  Fall forecast  Forecasts  Home appreciation  Home value
You may be torn between buying a home now or waiting. But don’t forget to factor in the equity you’ll gain as prices rise. Experts forecast prices will climb over the next 5 years – and based on those forecasts, you could gain about $90k in equity in that time. So, you could wait, but you’ll miss out on a lot of equity if you do. If you’re ready and able to buy, let’s connect so you can start growing your wealth now.... read more

Thinking about making a move in 2025 and wondering what you can expect? Here’s what expert forecasts say lies ahead. Mortgage rates will come down slightly. More homes will sell. And prices will rise more moderately. Let’s connect to go over what these forecasts mean for your move and what to expect from our local market in 2025.

2025 Housing Market Forecasts

Posted by Patrick Kelley on August 28, 2024 in  Experts  Forecasts  housing market  Housing prices
Here’s an early 2025 housing market forecast.   Experts project mortgage rates will come down slightly, which should lead more buyers and sellers to move. And that’ll create a moderate increase in sales as activity ticks up. It’ll also likely push prices up a little bit nationwide, though price changes will vary by location. DM me if you want to start planning for your move. #2025housingmarket #housingmarketforecasts #keepingcurrentmatters... read more

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