What’s Next for Home Prices and Mortgage Rates?

If you’re considering making a move this year, you’re probably thinking about home prices and mortgage rates. Here’s what experts are saying:

Home Prices:

According to the Home Price Expectations Survey by Fannie Mae, home prices are projected to rise through at least 2028.
The appreciation rate will vary, but prices are expected to increase at a more normal pace.
Buying now means your home is likely to grow in value, and you should gain equity in the years ahead. Waiting could mean paying a higher price later on.

Mortgage Rates:

Mortgage rates are influenced by inflation, the economy, and geopolitical factors.
Experts are optimistic rates will come down later this year, but acknowledge that changing economic indicators will impact rates.
As CNET notes, housing market predictions change regularly in response to economic data and events.

If you’re ready to make a move, let’s connect. We’ll ensure you have the latest information on home prices and mortgage rates so you can make an informed decision.

Tina Yakel, Broker Associate
Keller Williams
352-213-1084
tinayakelrealtor@gmail.com
www.tyhomesforsale.com

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