Home Prices Are Rising

If you are considering a move, now may be a smart time to investigate the possibilities of homeownership. As we look at market predictions, Zillow’s average scenario shown below predicts that home prices will rise by 23.4% over the next five years.

Based on this prediction, for example, if you purchased a home for $100,000 today, that same home would be expected to increase in value to $123,400 by the year 2022.

The below chart demonstrates US home price scenarios and predictions through 2022.

Home Prices Are Rising - Home Prices Are Rising

Contact one of our loan advisors today at 877-684-4210 to discuss the right home loan program for you.

Sources:

https://www.zillow.com/research/affordability-q3-2017-17466/

http://www.jchs.harvard.edu/americas-rental-housing

 

 

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Jennifer Gitt

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