2020 Projected Home Values
What Are The 2020 Projected Home Values?
Certainly there is some uncertainty about the economy by some, however, experts believe projected home values will increase over the next year. So for those who are waiting to purchase their first home or move-up to their dream house because they are not sure what will happen to home prices, here is what the experts in the industry have to say.
Here is a table showing the increase in projected home values from six major housing sources:
As we can see, every source believes home prices will continue to appreciate (albeit at lower levels than we have seen over the last several years). But, not one source is calling for residential real estate values to depreciate.
Additionally, ARCH Mortgage Insurance Company in their current Housing and Mortgage Market Review revealed their latest ARCH Risk Index, which estimates the probability of home prices being lower in two years. There was not one state that even had a moderate probability of home prices lowering. In fact, 34 of the 50 states had a minimal probability.
So for those waiting for prices to fall before purchasing a home should realize that the probability of that happening anytime soon is very low. With mortgage rates already at near historic lows, now may be the time to act.
Begin Your Southwest Florida Property Search
So, if you’re ready to begin your search for your southwest Florida Luxury home or condo, explore our website to find information about communities in the area. If golf is your game, we specialize in golf community real estate and we’ll help you navigate more than 150 different golf communities in our area. If you prefer a more direct approach, we will provide a list of properties and communities that meet your needs.
Also, if you are considering new construction, remember the contractor’s real estate agent represents the builder’s best interest, not yours. There is no cost for you to have an agent represent you. In fact, we may be able to help you save money and negotiate for extras which the builder may not let you know about.
Lastly, we will handle all contract negotiations for your property from offer to close!
If you’re looking for a focused and goal-oriented Realtor in southwest Florida who will help you achieve your Real Estate needs, please reach out to me directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, luxury home, vacation home, golf home, pet-friendly or dream home, call or text 239-370-0892 or email Matt@NaplesGolfGuy.com
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September 12th, 2019 Posted by NaplesGolfGuy