Are You a Homebuyer on the Fence?

Are you a potential home buyer that is hesitant to purchase a home in today's market if you are? Here are some insight from over 100 economists, real estate experts and market strategists about what lies ahead. Here's a look at those experts. Forecasts for the estimated home price performance through 2027. You may notice that there is a slight draw for 2023 in red.
But here's the thing. While prices did dip slightly earlier this year, they've already rebounded and are going up across the country. What you really need to focus on is how much they're projected to continue climbing over the next few years. The green bars show that prices are expected to appreciate in 2024 and beyond. So what does this mean for you if you wait to buy based on these forecasts, the same home could cost you a lot more later on.
You may also want to consider that you can refinance to a lower interest rate. And that is a strong possibility because many predict that rates will start dropping in late 2023 and 2024.
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Chris Lucibello- Realtor ®
Berkshire Hathaway HomeServices California Properties
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