Sarah Ware’s Post

Housing market outlook for 2025: Here's what housing analysts are forecasting for home prices next year. http://f-st.co/DGuCwti

For housing, the big question on everyone's mind is whether the property price gains seen in 2023 will continue in 2024. While there are many uncertainties, we do see national home prices ending the year higher, though the outlook varies widely between states. https://lnkd.in/gXEqSnNS

Housing Market Insights: The U.S. housing market continues to show resilience with a 5.3% year-over-year increase in home prices as of April 2024. While growth is slowing, the market remains robust, offering potential investment opportunities. What's the forecast for the future? The CoreLogic Home Price Index (HPI) Forecast paints a picture of continued growth. It suggests that home prices are poised to rise by 0.8% over the next few months, with a substantial 3.4% increase expected on a year-over-year basis from April 2024 to April 2025 Get the latest data and predictions here: https://lnkd.in/gMHzpQfD Are you planning to buy or sell in this market?

What can we expect from the housing market in 2024? Experts predict that inventory will continue to be low, especially for entry-level homes. This means competition among buyers will remain high and prices are likely to continue rising. https://bit.ly/3usUq1x

The housing market is showing signs of shifting towards a more buyer-friendly environment, despite high home prices and borrowing costs. Here are four key indicators to watch for: 1. Extended Time on Market: Homes are taking longer to sell, with 64.7% listed for over 30 days in June, up from 59.6% the previous year. 2. Buyers Withdrawing from Deals: A notable number of purchase agreements, around 56,000 in June, were canceled as buyers reassess their financial situations. 3. Increased Competition for Sellers: Total housing inventory has risen, leading to more options for buyers and easing competition. 4. Price Reductions by Sellers: One in four sellers is reducing prices to attract buyers, marking the highest rate for June in six years. While the market isn't fully a buyer's market yet, these trends indicate a potential shift towards more favorable conditions for buyers in the near future.

What can we expect from the housing market in 2024? Experts predict that inventory will continue to be low, especially for entry-level homes. This means competition among buyers will remain high and prices are likely to continue rising. https://bit.ly/3usUq1x

A closely watched housing market barometer shows U.S. home prices in November posted their biggest annual gain in more than a year. #HousingMarketTrends #HomePrices #RealEstateNews

Housing market forecasts for the second half of the year say price growth will moderate, rates could come down slightly, and home sales will hold steady. Want to talk about what these forecasts mean for you? Reach out and let’s chat. #realestatenews #expertanswers #homeownership #realestategoals #realestatemarket #realestateexperts #realestateagents #instarealestate #realestate #LKN #SherrillsFord #DenverNC #CharlotteNC #LakeNormanRealEstate #LakeNormanRealtor #LakeNormanNC #DreamHomeFinder #LakeRealty

Housing Prices Hit New Record The price of a home hit a new record, according to the latest data on housing prices. The S&P CoreLogic Case-Shiller 20-City Home Price Index, which measures monthly housing prices in 20 major metropolitan areas, rose 1.6% on a nonseasonally adjusted basis in March. Notably, there is a distinct seasonal pattern. Price increases tend to be strongest in the spring and early summer and mildest late in the year and early in the new year. Why is that? Read the full analysis on our website...