[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fx8p2ghblhhz7":3,"$ffeh0925h8cuz":47,"$fbwk2pqjjqsc7":51},{"item":4,"previous":35,"next":41},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":33,"updatedAt":34},15137,"think-twice-before-waiting-for-lower-home-prices","Think Twice Before Waiting for Lower Home Prices","\u003Cp>\u003Cspan style=\"color: rgb(0, 0, 0);\">As the housing market continues to change, you may be wondering where it’ll go from here.\u003C\u002Fspan>\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230414\u002F20230417-think-twice-before-waiting-for-lower-home-prices-KCM.jpg","\u003Cp>As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on \u003Ca href=\"\u002F2023\u002F04\u002F06\u002Ftrying-to-buy-a-home-hang-in-there\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">buying a home\u003C\u002Fa> until prices drop significantly. But that’s not the best strategy.\u003C\u002Fp>\u003Cp>A recent \u003Ca href=\"https:\u002F\u002Fwww.builderonline.com\u002Fdata-analysis\u002Fwhat-is-the-millennial-mindset-on-owning-vs-renting_o\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"color: rgb(5, 99, 193);\">survey\u003C\u002Fa> from \u003Cem>Zonda\u003C\u002Fem> shows \u003Cstrong>53% of millennials are still renting right now because they’re waiting for home prices to come down\u003C\u002Fstrong>. But here’s the thing: the most recent data shows that home prices appear to have bottomed out and are now on the rise again. Selma Hepp, Chief Economist at \u003Cem>CoreLogic\u003C\u002Fem>, \u003Ca href=\"https:\u002F\u002Fwww.corelogic.com\u002Fintelligence\u002Fus-home-price-insights-april-2023\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"color: rgb(5, 99, 193);\">reports\u003C\u002Fa>:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“U.S. home prices rose by 0.8% in February . . . indicating that\u003C\u002Fem>\u003Cstrong>\u003Cem> prices in most markets have already bottomed out\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem>.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>And the latest data from \u003Cem>Black Knight\u003C\u002Fem> shows the same shift. The graph below \u003Ca href=\"https:\u002F\u002Fwww.blackknightinc.com\u002Fwp-content\u002Fuploads\u002F2023\u002F04\u002FBKI_MM_FEB2023_Report.pdf\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"color: rgb(5, 99, 193);\">compares\u003C\u002Fa> home price trends in November to those in February:\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230414\u002F20230417-home-prices-up-in-majority-of-country-KCM.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230414\u002F20230417-home-prices-up-in-majority-of-country-KCM.png\">\u003C\u002Fa>\u003C\u002Fp>\u003Cp>So, should you keep waiting to buy a home until prices come down? If you factor in what the experts are saying, you probably shouldn’t. The \u003Ca href=\"https:\u002F\u002Fpulsenomics.com\u002Fsurveys\u002F#home-price-expectations\" rel=\"noopener noreferrer\" target=\"_blank\">data\u003C\u002Fa> shows prices are increasing in much of the country, not decreasing. And the latest data from the \u003Cem>Home Price Expectation Survey \u003C\u002Fem>indicates that experts project home prices will rise steadily and return to more normal levels of appreciation after 2023. The best way to understand what home values are doing in your area is to work with a local real estate professional who can give you the latest insights and expert advice.\u003C\u002Fp>","\u003Cp>If you’re waiting to buy a home until prices come down, you may want to reconsider. Let’s connect to make sure you understand what’s happening in our local housing market.\u003C\u002Fp>","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230414\u002F20230417-home-prices-up-in-majority-of-country-KCM.png",false,[17,21,25,29],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},9,"Home Prices","home-prices",{"id":26,"name":27,"slug":28},11,"First-Time Buyers","first-time-buyers",{"id":30,"name":31,"slug":32},38,"Move-Up","move-up","2023-04-17T10:30:00Z","2023-04-17T10:30:02Z",{"id":36,"slug":37,"title":38,"featuredImage":39,"publishedAt":40,"contentType":10,"isVideo":15},15136,"home-inspections-for-sellers-what-you-need-to-know-infographic","Home Inspections for Sellers: What You Need To Know [INFOGRAPHIC]","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230413\u002FHome-Inspections-For-Sellers-What-You-Need-To-Know-KCM-Share.png","2023-04-14T10:30:00Z",{"id":42,"slug":43,"title":44,"featuredImage":45,"publishedAt":46,"contentType":10,"isVideo":15},15138,"5-reasons-millennials-are-buying-homes","5 Reasons Millennials Are Buying Homes","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230417\u002F20230418-5-reasons-millennials-are-buying-homes.jpg","2023-04-18T10:30:00Z",{"cover":48,"open":49,"shareSpread":50},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[52,56,57,61,65,69,70,71,75,79,80,84,88,92,96,100,104,108,112,116,120,124,128,132,136,140,144,148,152,156],{"id":53,"name":54,"slug":55},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":58,"name":59,"slug":60},6,"For Sellers","sellers",{"id":62,"name":63,"slug":64},7,"Foreclosures","foreclosures",{"id":66,"name":67,"slug":68},8,"Infographics","infographics",{"id":22,"name":23,"slug":24},{"id":26,"name":27,"slug":28},{"id":72,"name":73,"slug":74},34,"Senior Market","senior-market",{"id":76,"name":77,"slug":78},35,"Mortgage Rates","mortgage-rates",{"id":30,"name":31,"slug":32},{"id":81,"name":82,"slug":83},41,"For Sale by Owner","for-sale-by-owner",{"id":85,"name":86,"slug":87},42,"Featured","featured",{"id":89,"name":90,"slug":91},45,"New Construction","new-construction",{"id":93,"name":94,"slug":95},52,"Luxury \u002F Vacation","luxury--vacation",{"id":97,"name":98,"slug":99},53,"Rent vs. Buy","rent-vs-buy",{"id":101,"name":102,"slug":103},80,"Time-sensitive","time-sensitive",{"id":105,"name":106,"slug":107},81,"Outdated","outdated",{"id":109,"name":110,"slug":111},147,"Internal","internal",{"id":113,"name":114,"slug":115},148,"Do Not Autopost","do-not-autopost",{"id":117,"name":118,"slug":119},320,"Inventory","inventory",{"id":121,"name":122,"slug":123},321,"Agent Value","agent-value",{"id":125,"name":126,"slug":127},322,"Affordability","affordability",{"id":129,"name":130,"slug":131},323,"Buying Tips","buying-tips",{"id":133,"name":134,"slug":135},324,"Downsize","downsize",{"id":137,"name":138,"slug":139},325,"Economy","economy",{"id":141,"name":142,"slug":143},326,"Equity","equity",{"id":145,"name":146,"slug":147},327,"Forecasts","forecasts",{"id":149,"name":150,"slug":151},328,"Selling Tips","selling-tips",{"id":153,"name":154,"slug":155},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":157,"name":158,"slug":159},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]