If you're wondering what’s happening with home prices, know they’re still rising, just at a slower pace – and that’s perfectly normal for this time of year.
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If you’re thinking of making a move, one of the biggest questions you have right now is probably: what’s happening with home prices?
If you've ever dreamed of buying your own place, or selling your current house to upgrade, you're no stranger to the rollercoaster of emotions changing home prices can stir up.
According to the latest data from Fannie Mae, 23% of Americans still think home prices will go down over the next twelve months.
If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come.
- If you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second guessing your decision—but perspective matters.
- While home prices are down slightly month-over-month in some markets, home values are still up almost 10% nationally on a year-over-year basis. A nearly 10% gain is still dramatic compared to the more normal level of appreciation, which is 3-4%.
As the housing market continues to change, you may be wondering where it’ll go from here.
Even with so much data showing home prices are actually rising in most of the country, there are still a lot of people who worry there will be another price crash in the immediate future.
Today’s mortgage rates are top-of-mind for many homebuyers right now.
Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low.
Holding off on selling your house because you believe there aren’t any buyers out there?
Are you thinking about making a move?
Want to know what experts say will happen in the rest of 2023?
There have been a lot of shifts in the housing market recently.