No doubt, everywhere you turn someone is talking about the housing market, and many people are asking the question: “Should I buy a
home right now?”
It’s true that the real estate market is shifting away from the intensity we’ve seen over the past two years, but that doesn’t mean it isn’t a good time to buy a home or that prices will go down. Take a look at estimated home price appreciation over the next five years. It’s from the Home Price Expectation Survey. Every quarter over one hundred housing market experts are surveyed on where they see prices going. They forecast just over nine percent appreciation for this year and healthy appreciation for the next four years after that.
So, if you’re looking to buy, you can confidently do so knowing that experts are projecting ongoing price appreciation. Once you buy a home, that appreciation will help you gain equity and build your wealth over time. And with more inventory coming to market, now may be the right moment for you to begin the home search you’ve been putting off.
