What is going to happen next in the real estate market? Are home prices going to rise? Is it a good time to buy? There are many questions out there and a lot of predictions. A survey published the the Buffini & Company Magazine provides us with this information:
Home prices on the rise?
58% of buyers think home prices will rise
28% think prices will remain the same
11% think prices will drop
Investment and Real Estate
73% of people believe now is a good time to buy, while 15% believe it’s a good time to sell
69% feel real estate is a good investment despite the market conditions over the past few years
The national median home price is up 9.5% from a year ago and home prices are expect to increase 1.1% over the next year. So overall, the general outlook on real estate looks promising. Sales have increased in the past month, interest rates are still low, and home prices are slowly on the rise. The market is in a great place!
Hampton Roads Real-e-statement is written by Alyssa Godwin, a Realtor with Liz Moore and Associates. To find out what your home is worth contact Alyssa at 757-329-6161 or firstname.lastname@example.org. You can also find Alyssa on Facebook or on the web at www.lizmoore.com/alyssagodwin.