What Experts Say Will Happen with Home Prices Next Year

The real estate market is shifting, GET YOUR SHIFT TOGETHER and learn how to
also we should do something like this for (Every wednesday at 10 to 11am )

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Lunch and Learn Shifting Market - September 29, 2022

Good day Jessica,

Here is the link and flyer for the upcoming Lunch and Learn event:

Eventbrite Link: https://bit.ly/3UmQ3gw

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What Experts Say Will Happen with Home Prices Next Year

Home price projections for 2023 are currently being made by experts. Most people concur that as they do, properties will still increase in value, albeit more slowly. Many people have been speculating about how long the recent unsustainable spike in property prices would endure. If you're wondering what the price of your property will be in the future, know that specialists are now providing answers. This is good news for homeowners who might have been misled by the media into thinking their home will depreciate in value.

In the past, home price growth has averaged around 4%. The average projection for 2023 from the six top analysts listed below is 2.5%. The other five are pushing for depreciation, while only Zelman & Associates is calling for it.

Home prices are rising as a result of two factors. First, we still have a problem in this country with the lack of available housing. There are still not enough houses available for sale to accommodate the demand. To support that claim even further, the national real estate market is still one in which homes tend to rise in value.

Second, the prime home-buying years for millennials are currently underway. They make up the second-largest demographic after baby boomers, so demand won't diminish anytime soon.

Although at a slower rate than the previous three years, experts anticipate that property prices will rise in 2019. It is clear why this is the case. Real estate is currently experiencing and will continue to experience the dynamics of supply and demand for many years to come.

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