Have you ever wondered how inflation impacts the housing market? Believe it or not, they’re connected.
Basically, deceleration of appreciation is not the same thing as home prices depreciating.
Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth.
Where mortgage rates go for the rest of the year will depend on inflation.
Expect unsettling housing market headlines this year, mostly due to unfair comparisons with the ‘unicorn’ years.
Just because the median price changes, it doesn’t mean home prices are falling.
Home prices didn’t come crashing down as projected.
When it comes to forecasting mortgage rates, no one can know for sure exactly what will happen
The most current data clearly shows that today’s market is nothing like it was last time.
Rising foot traffic is a bright spot for this year’s housing market and indicates that buyers are looking to purchase this year, even with higher mortgage rates.
You don’t need to fear what a recession means for the housing market. If we do have a recession, experts say it will be mild and short, and history shows it also means mortgage rates go down.
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West Linn, OR 97068