Real Estate
This has forced those who made appreciation forecasts this past January to amend those projections. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, the National Association of Realtors, and Zelman & Associates have all adjusted their numbers upward after reviewing first quarter housing data. Here are their original forecasts and their newly updated projections:
Even with the increases, the updated projections still don’t reach the above 10% appreciation levels of 2020. However, a jump in the average projection from 5.3% to 7.7% after just one quarter is substantial. Demand will remain strong, so future appreciation will be determined by how quickly listing inventory makes its way to the market.
Entering 2021, there was some speculation that we might see price appreciation slow dramatically this year. Today, experts believe that won’t be the case. Home values will remain strong throughout the year.
Stay up to date on the latest real estate trends.
Los Altos, nestled in the heart of Silicon Valley, offers a blend of suburban tranquility and natural beauty. For outdoor enthusiasts, the area boasts numerous hiking … Read more
After the election of Donald J. Trump, bond prices increased in anticipation of his inflationary policy positions. Interest rates are the most significant factor finan… Read more
Let’s talk about property taxes in California—a topic that often raises a few eyebrows and sometimes even a touch of confusion. But don’t worry; we’re going to break i… Read more
Explore Palo Alto’s incredible culinary scene with our guide to the best restaurants. Each place offers a unique experience, from the ambiance to the flavors that make… Read more
Moving to Los Altos offers more than just a beautiful place to live; it opens up a world of exciting dining. I’ll walk you through the top 10 restaurants that truly ma… Read more
Enough data has been released to suggest that home prices peaked nationally in June 2024, and won’t peak again this year. Of course, there will be deviations in local … Read more
You’ve got questions and we can’t wait to answer them.