Thinking about buying a new home soon, but waiting for conditions to be just right? Survey says: act soon before prices rise.
According to the Home Price Expectation Survey, which is based on the predictions of more than 100 real estate and market experts, home prices are ultimately on the rise.
Based on these experts’ projections, we can expect to see home prices rise about 3.6% each year for the next 5 years. Home prices will be between 15.1% to 23.9% higher in 2019 than they are now.
If you’re not in a position to buy a new home yet, don’t sweat it. But if you’re ready and just waiting for perfect timing, then wait no further. Take advantage of the lower home prices now (plus today’s low mortgage rates).
If you’re ready to begin the journey of buying your new home, talk to someone at The Haro Group. We’ll help you find the perfect home and will guide you each step of the way.