Questions continue to come up about where home prices will head throughout the rest of this year, as well as where they may be going over the few years beyond.
We’ve gathered current data from the industry’s most reliable sources to help answer these questions:
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.
The National Association of Realtors (NAR) – The largest association of real estate professionals in the world.
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. Prices should continue to rise as we move through 2020 and beyond. Long story short – its a sellers market, make the best of it buy upgrading or transitioning now. Contact us to get a free quote on your home, so you know where you stand in this active market by calling 416-717-4391.