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Home Prices Are Not Falling During the fourth quarter of last year, some housing experts projected home prices were going to crash in 2023. The media ran with those forecasts and put out headlines calling for doom and gloom in the housing market. All of this negative news coverage made a lot of people have doubts about the strength of the residential real estate market. If it made you question if you should delay your own plans to move, here’s what you really need to know. Home Prices Never Crashed Disregard what... SONALI Vora & PAT Stevens Twin Cities Real Estate Group 612.345.7567 Licensed in MN -WI #TCRG #TwinCitiesRealEstateGroup #SonaliVoraRealty

Do you ever realize home prices are continuing to go up in most markets across the country? There's still a lot of confusion and misinformation out there leading many people to think prices are going down. Check this out and rest asured prices aren't dropping at the national level. Know the facts about prices in your area and make informed decisions about your next move. Call 703-216-2139 for a FREE No-Obligation Consultation or visit www.Agent4ThePeople.com #buyingandsellingahome #agent4thepeople #realestatewithJenniferDorn #northernvirginiahomesforsale #realestateagent

If you’re someone who’s worried home prices are going to fall, rest assured a lot of experts say it’s just the opposite – nationally, home prices will continue to climb not just next year, but for years to come. 📈🏡 If you have any questions or concerns about what’s next for home prices in our local area, let’s connect. 🤝 . . . #RLGroup #REMAXDistinctive #realestate #alabamarealtor #alabamarealestate #bestrealtor #realtornearme #womeninrealestate #realestatetips #whoyouworkwithmatters #NorthAL #NorthALRealtor

February 2024 Housing Market Insights 🙌 Pending Home Sales Index Rises to 75.6, Marking a 1.6% Monthly Increase. Midwest Experiences Notable Growth with a 10.6% Uptick, While the West Sees a Decline. *An Indicator Above 100 Signals a Higher Activity Level Compared to 2001. #housingmarket #homesales2024 #HomeInsights

National home prices have “have continued to break through previous all-time highs set last year” per Case-Shiller, with January posting a seasonally adjusted 0.4% rise from December. Prices were also 6% higher than a year earlier, the fastest annual rate since 2022. All 20 cities in their composite index saw annual price increases for the second straight month, and home values are expected to remain supported this year. #caseshiller #recordhomeprices #housing #realestate

Just a reminder, all markets are local. Colorado is different. We are not Austin or Cape Coral. Asking prices are increasing and values are up. Do not expect a "crash" in the Centennial State. National home prices remain “at or near all-time highs” per Case-Shiller, with February posting a seasonally adjusted 0.4% rise from January. Prices were also 6.4% higher than a year earlier, which is the fastest annual rate since November 2022. All 20 cities in the composite index saw annual price increases as strong demand and tight supply continue to push home values higher. #caseshiller #recordhomeprices 

In response to the average house price increasing from 6.8 times the average salary to 8.2 times between 2010 and 2023, buyers have adjusted by waiting longer to buy their first property. The average FTB age has increased by 6.8 per cent, from just under 31 to just over 33. FTBs have also had to increase the length of their mortgage term by 14.1 per cent from just under 27 years to almost 31. FTBs are also pushing starting a family back further, perhaps until a time when they have more domestic certainty. The average age of mothers increased from 29.5 in 2010 to the record high of 30.9 in 2021, while for fathers it increased from 32.5 to 33.7. Aspiring home buyers are also relying more on living with family members for longer. The 2021 Census data showed a substantial increase (14.7 per cent) in the number of non-dependent children living at home since 2011.

In response to the average house price increasing from 6.8 times the average salary to 8.2 times between 2010 and 2023, buyers have adjusted by waiting longer to buy their first property. The average FTB age has increased by 6.8 per cent, from just under 31 to just over 33. FTBs have also had to increase the length of their mortgage term by 14.1 per cent from just under 27 years to almost 31. FTBs are also pushing starting a family back further, perhaps until a time when they have more domestic certainty. The average age of mothers increased from 29.5 in 2010 to the record high of 30.9 in 2021, while for fathers it increased from 32.5 to 33.7. Aspiring home buyers are also relying more on living with family members for longer. The 2021 Census data showed a substantial increase (14.7 per cent) in the number of non-dependent children living at home since 2011.

Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in 2008. But the headlines got it wrong. While there was a slight home price correction after the sky-high price appreciation during the ‘unicorn’ years, nationally, home prices didn’t come crashing down. If anything, prices were a lot more resilient than many people expected. Expert Home Price Forecasts: Then and Now There are a number of reasons why home... #orlandoliving☀️🌴 #exprealtyorlando #thebaldorgroup

The Latest Expert Forecasts for Home Prices in 2023 Most Experts Project Home Prices Will Net Positive this Year The graph below shows the latest 2023 year-end forecasts from six different organizations: As you can see, all but one project nationally prices will net positive this year. That’s significant because it shows the majority are optimistic about home price growth. If you’re worried about home prices falling this year, let the experts reassure you. If you have questions about what’s happening with home prices in our local area, let’s connect. Use this link for more information: https://loom.ly/5ltZv3U #portland #portlandmaine #kellerwilliams #manchesterteam #sellyourhome #faq