Experts Project Home Price Appreciation Into Next Year
Experts agree the 2021 forecast is calling for continued home price appreciation.
“One of the main drivers of the strong housing recovery is historically low mortgage interest rates. The U.S. weekly average 30-year fixed mortgage rate hit an all-time low of 2.86% in the second week of September”. – Freddie Mac
“The CoreLogic HPI Forecast indicates that home prices will increase on a month-over-month basis by 0.2% from September 2020 to October 2020, and on a year-over-year basis by 0.2% from September 2020 to September 2021”. – CoreLogic
That is great news for homeowners looking to sell to capitalize on the equity in their homes. If you are a buyer on the fence right now, you might want to think about moving forward on your purchase to take advantage of appreciation equity, possibly. And, whether you are a buyer or seller, a strong housing market is always good news.
Take a moment to watch this short video about home price appreciation.
If you want to learn more about the value of your home, or are in the market to purchase a home, reach out to the Life’s A Beach Real Estate team to learn more. We have locations in Panama City Beach, FL, as well as Destin, FL. We are always here to help and look forward to hearing from you.