I’m often asked the following questions, “When should I put my home on the market?” and “I’m not ready to put my house on the market this summer. Will the market still be hot this fall/winter?”
Uncertainty in the market can be a little nerve-wracking. Not knowing where home prices will head throughout the rest of this year, or a few years from now can make you question selling your home altogether.
Below is current data from the industry’s most reliable sources to help answer these questions. Data provided by www.keepingcurrentmatters.com
Here’s the home price appreciation these experts are projecting over the next few years:
Every source sees home prices continuing to appreciate, which is great news for the strength of the market. The increase is steepest throughout the rest of 2019, and prices should continue to rise as we move through 2020 and beyond.
The Home Price Expectation Survey – A survey of over 100 market analysts, real estate experts, and economists conducted by Pulsenomics each quarter.
Mortgage Bankers Association (MBA) – As the leading advocate for the real estate finance industry, the MBA enables members to successfully deliver fair, sustainable, and responsible real estate financing within ever-changing business environments.
Zelman & Associates – The firm leverages unparalleled housing market expertise, extensive surveys of industry executives, and rigorous financial analysis to deliver proprietary research and advice to leading global institutional investors and senior-level company executives.
Freddie Mac – An organization whose mission is to provide liquidity, stability, and affordability to the U.S. housing market in all economic conditions extending to all communities from coast to coast.
The National Association of Realtors (NAR) – The largest association of real estate professionals in the world.
Fannie Mae – A leading source of financing for mortgage lenders, providing access to affordable mortgage financing in all markets.