If you are on the fence, now is the time to choose your new home at The Canoe Club in Fayette! Are you ready to make your move?
Home values are on the rise in 2018 as evidenced in this article in KeepingMattersCurrent.com “Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey.
Every month, the economists at CoreLogic release the results of their Home Price Insights Report, which includes the actual year-over-year change in prices across the country and their predictions for the following year.
Over the course of 2018, home prices have appreciated by an average of 6.9% and have outpaced projections all year! This makes your new home a great investment.
The tale of today’s real estate market is one of low inventory, high demand, and rising prices. The forces at work can be simply explained with the theory of supply and demand.
That being said, if a large supply of inventory were to come to the market, prices may start to appreciate closer to the forecasted rate which would STILL be greater than the historic norm of 3.6%!