Hope Leitner, Realtor®, CRS

January 23, 2024 For Buyers Pricing First Time Home Buyers Housing Market Updates Even though home prices are going up nationally, some people are still worried they might come down. In fact, a recent  survey  from  Fannie Mae  found that 24% of people think home prices will actually decline over the next 12 months. That means almost one out of every four people are dealing with that fear, and you might be, too. To help ease that concern, here's what experts forecast will happen with prices this year. Experts Project a Modest Increase Check out the latest  home price  forecasts from eight different sources ( see graph below ): The blue bar on the left means, on average,  experts  think  home prices  will go up over 2% by the end of this year – not down. Prices  aren’t likely to depreciate in 2024 because  inventory  is still tight and lower  mortgage rates  are leading to strong  buyer demand . Those two factors will keep pushing  prices  up as the year goes on. As Selma Hepp, Chie

  This article is a good reflection of what I'm seeing as an agent.  I thought you would find it as interesting as I did.   If you have any questions about this projection, please give me a call! (858) 382-3763   Your Forever Agent,   Hope Leitner, Realtor®, CRS,  CA DRE #01874321   Chairman’s Circle Diamond Level 2022  – Top 1/2 of 1% BHHS Agents Nationwide   Christie D. Horn and Associates Berkshire Hathaway HomeServices | California Properties 3790 Via de la Valle, Suite 201, Del Mar, CA 92014    Cell: (858) 382-3763 Email: Hope@CDHorn.com   Website:   hopeleitner.com Blog:   http://hopeleitner. blogspot.com Experts Project Home Prices Will Rise over the Next 5 Years Even with so much data showing  home prices  are actually rising in  most of the country , there are still a lot of people who worry there will be another price crash in the immediate future. In fact, a  recent survey  from  Fannie Mae  shows that 23% of consumers think prices will fall over the next 12 months. That