Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year?

The National Association of Realtors (NAR) will release its latest Existing Home Sales (EHS) report later this week.

You may see media coverage talking about a drop in homeowner equity.

Media coverage about what’s happening with home prices can be confusing.

During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year.

Comparing real estate metrics from one year to another can be challenging in a normal housing market.

The National Association of Realtors (NAR) will release its latest Existing Home Sales Report tomorrow.

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.

Everywhere you look, people are talking about a potential recession.

There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers.

The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring.

As the housing market continues to change, you may be wondering where it’ll go from here.

We’re still in a sellers’ market.

If you’re thinking about buying a home, you want to know the decision will be a good one. 

Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates.

The recent changes in home prices are top of mind for many as the housing market begins gearing up for spring. It can be hard to navigate misleading headlines and confusing data, so here’s what you should know about today’s home prices.

Some Highlights

• If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership.
• On average, nationwide, home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net worth significantly in the long term.
• Homeownership wins over time. Let’s connect so you can start your homebuying journey today.

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares:

Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of selling your house soon, that means you’ll want to adjust your expectations accordingly. As realtor.com explains: