Wednesday, November 10, 2021 / by Flr Team
What Does the Future Hold for Home Prices?
If you’re looking to buy or sell a home, you’ve probably heard about the rising home prices. While this is great news for home sellers, what does the future hold? Will prices continue to rise with time, or are they expected to fall?
It’s important to note that home prices have increased for several straight months. After surveying over 100 economists, investment strategists, and housing market analysts, their five-year projections indicate that the market may slow down, but prices are expected to continue to rise, just not at the same pace we’ve seen over the last year.
What does this mean for you?
What experts are predicting for the years ahead is more in line with the historical norm for appreciation.
If you’re a buyer, don’t expect a sudden or drastic drop in home prices, it’s likely to not happen. Instead, think about your homeownership goals and consider purchasing a home before prices rise further.
If you’re a seller, the continued increase in home prices is good news for the value of your house. Work with an agent to list your house for the right price based on market conditions.
Talk with our team at Florida Lifestyle Realty to understand what’s happening in the housing market today, where things are headed, and what it means for you.
Florida Lifestyle Realty