Are Home Prices About to Rise Or Fall?
The big question in real estate today is which direction home values are headed. There is no shortage of opinions on the subject. National Association of Realtors Chief Economist Lawrence Yun, during the National Association of Real Estate Editors conference in Denver a few weeks ago, said:
“This time next year, there could be a 10% price appreciation. I would not be surprised to see that.”
A few days earlier, Morgan Stanley, in their latest housing report, estimated a:
“drop of 5-10% more”
If you want your buyers and sellers to see you as the real estate expert in your marketplace, you must be familiar with the projections that are being made and which estimates make most sense in your region. Here is a list of some of the pricing indices we follow.
Zillow Real Estate Market Reports
Add a comment to tell us others you may find helpful.
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I’m curious why you would use Zillow for anything. Their Zestimates are the laughing stock of the industry…..so why would we think they have anything of value to offer? I’m real interested in hearing your rationale.
@google-488109418e1afcc3768b302652461824:disqus The reason you should be familiar with Zillow’s estimates is simple: your buyers and sellers look at them. And when these buyers and sellers ask you about them, you should be prepared to respond.
Our local MLS Stats are really important, especially taking a long range view of them.