Home Appreciation Is On The Rise, And The Demand – It May Be A Good Time For Homebuyers To Act Now

Dated: 09/25/2019

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In housing news, CoreLogic reported that home prices rose 0.5% in July and 3.6% year over year. The year over year reading increased from 3.4% to 3.6% and remains at a very sustainable and meaningful level for wealth creation.

 

CoreLogic forecasts that home prices will appreciate by 5.4% in the year going forward, which is very strong and better than the 5.2% year over year reading forecasted last month.

 

Frank Martel, CEO and President of CoreLogic, said that “Although the rise in home prices has slowed over the past several months, we see a reacceleration over the next year to just over 5% on an annualized basis. Lower rates are certainly making it more affordable to buy homes and millennial buyers are entering the market with increasing force. These positive demand drivers, which are occurring against a backdrop of persistent shortages in housing stock, are the major drivers for higher home prices, which will likely continue to rise for the foreseeable future.

 

Housing industry experts are expecting to generally see housing appreciation increase year over year. Before home prices go up, it may be a good time now for your clients who have been looking to buy but just haven’t entered the housing market.

Who do you know that's been talking about buying, selling, or investing in Real Estate?  Call Allen and start packing!  760-271-5153

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Allen Meredith

If you are looking for a low-pressure agent that knows North San Diego area, well look no further than Allen Meredith. Allen grew up in North County, raised his family in North County, and will help y....

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