WHAT IS THE PROBABILITY THAT HOME VALUES SINK

Dated: 09/17/2019

Views: 36

What Is the Probability That Home Values Sink?

What Is the Probability That Home Values Sink?

With the current uncertainty about the economy triggered by a potential trade war, some people are waiting to purchase their first home or move-up to their dream house because they think or hope home prices will drop over the next few years. However, the experts disagree with this perspective.

Here is a table showing the predicted levels of appreciation from six major housing sources:What Is the Probability That Home Values Sink? | Keeping Current MattersAs we can see, every source believes home prices will continue to appreciate (albeit at lower levels than we have seen over the last several years). But, not one source is calling for residential real estate values to depreciate.

Additionally, ARCH Mortgage Insurance Company in their current Housing and Mortgage Market Review revealed their latest ARCH Risk Index, which estimates the probability of home prices being lower in two years. There was not one state that even had a moderate probability of home prices lowering. In fact, 34 of the 50 states had a minimal probability.What Is the Probability That Home Values Sink? | Keeping Current Matters

Bottom Line

Those waiting for prices to fall before purchasing a home should realize that the probability of that happening anytime soon is very low. With mortgage rates already at near historic lows, now may be the time to act.

Blog author image

Sam Barnes

We've been helping buyers and sellers make their dreams come true since 2003. Over the years we have been a part of over 1,000 sales, many of them being repeat deals with clients and referrals from cl....

Latest Blog Posts

ExistingHome Sales Report Indicates Now Is A Great Time To Sell

Existing-Home Sales Report Indicates Now Is a Great Time to Sell 2.8KSHARES 2.5K 105 39 182 The best time to sell anything is when demand for that item is high and the

Read More

Just The Right Amount Of Scary

Did you avoid the "scariest" front porches?How a person decorates the outside of their home for Halloween runs from nothing to the most elaborate, scariest house on the block.  I remember

Read More

4 Reasons To Sell This Fall

Traditional lore says that the best time to list your home for sale is spring and if it hasn’t sold by the end of summer, you’re out of luck. Along the same lines, homeowners across the country

Read More

What To Expect From Your Home Inspection

What to Expect from Your Home Inspection 4.4KSHARES 4.2K 88 34 149 You made an offer and it was accepted. Your next task is to have the home inspected prior to closing.

Read More