Questions continue to rise around where home prices will head in 2020. The latest forecast from CoreLogic shows continued appreciation at 5.4% over the next year:
Additionally, ARCH Mortgage Insurance Company in their current Housing and Mortgage Market Review revealed their latest ARCH Risk Index, which estimates the probability of home prices being lower in two years. Based on the most recent results, 32 of the 50 U.S. states (plus D.C.) had a minimal probability of lowering by 2021.
Experts forecast home price appreciation to continue at a moderate rate as we move through 2020 and beyond. With appreciation growing, let’s get together and plan for your next move.
How many times have you driven by streamers flying on a sign that says : “Brand New Construction! Models Open Today!” Of course you want to see the model homes--they are always so beautifully decorated and you can get some great ideas. Plus, it is good to know what the home values are doing in your area. Why not stop in?Read More
Older homes have plenty of charm, but they also have their inconveniences: drafts, slanting floors, closed-in kitchens, and tiny bathrooms. The way we live now is just different. So if you're considering updating an older home to incorporate modern comforts, there's something appealing about just doing a gut renovation and starting with a clean slate.Read More
One happy day your agent emails you that the perfect house has come on and she can get you in to see it that very day. You go, you love, you WANT this house! It is just renovated enough to be move-in but not too much to be out of your price range. Seems to be in good condition—the seller is a fastidious engineer. But your buyer’s agent knows that you don’t want to overpay. Homes recently listed are not likely to go for a huge discount. The sellers want to see what interest they get and will seldom accept an offer much below asking price in the first week or so. How to navigate all of that?Read More