June 16

June 2020 Market Update

Are housing prices going to keep going up? What are experts saying about the forecast for the second quarter of the year?

Forecasts from Fannie Mae, Freddie Mac and the Mortgage Bankers Association and other experts all project an average of 6.8% appreciation this year. They expect the appreciation to continue through 2022. Forecasters also project that we are going to sell more homes this year than we sold last year.

Last year according to them we sold 6.7 Million homes. This year they project us to sell 7.5 million homes. I know it can be scary after what happened in 2008 with the housing crash. It's scary to know what to do.

Should I sell now and capitalize on these high home prices? Should I buy right now with bidding wars and prices being driven up so high? Obviously, I can’t answer that question for you, so I feel providing information about projections from the experts in the field may offer some clarity on what to do.

I’m always here to help, so call me and we can talk it out.


You may also like

Why Overpricing Your House Can Cost You

Why Overpricing Your House Can Cost You
{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Subscribe to our newsletter now!