June 19, 2024

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
[email protected]
www.tyhomesforsale.com


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