[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f18lv3cv4yba7i":3,"$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},40252,"experts-project-home-prices-will-increase-in-2024","Experts Project Home Prices Will Increase in 2024","\u003Cp>Even though home prices are going up nationally, some people are still worried they might come down.\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240122\u002F20240123-Experts-Project-Home-Prices-Will-Increase-in-2024.png","\u003Cp>Even though home prices are going up nationally, some people are still worried they might come down. In fact, a recent \u003Ca href=\"https:\u002F\u002Fwww.fanniemae.com\u002Fresearch-and-insights\u002Fsurveys-indices\u002Fnational-housing-survey\u002Fnational-housing-survey-archive\" rel=\"noopener noreferrer\" target=\"_blank\">survey\u003C\u002Fa> from \u003Cem>Fannie Mae\u003C\u002Fem> found that 24% of people think home prices will actually decline over the next 12 months. That means almost one out of every four people are dealing with that fear, and you might be, too.\u003C\u002Fp>\u003Cp>To help ease that concern, here's what experts forecast will happen with prices this year.\u003C\u002Fp>\u003Ch4>\u003Cstrong>Experts Project a Modest Increase\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Check out the latest \u003Ca href=\"\u002F2024\u002F01\u002F12\u002Fhome-prices-forecast-to-climb-over-the-next-5-years-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">home price\u003C\u002Fa> forecasts from eight different sources (\u003Cem>see graph below\u003C\u002Fem>):\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240122\u002F20240123-2024-Home-Price-Forecasts.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240122\u002F20240123-2024-Home-Price-Forecasts.png\">\u003C\u002Fa>\u003C\u002Fp>\u003Cp>The blue bar on the left means, on average, \u003Ca href=\"https:\u002F\u002Fimg03.en25.com\u002FWeb\u002FMortgageBankersAssociation\u002F%7Ba8f4bf3d-95ec-42be-9c8d-3eb49e52f553%7D_Mortgage_Finance_Forecast_Jan_2024.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">experts\u003C\u002Fa> think \u003Ca href=\"https:\u002F\u002Fwww.zillow.com\u002Fresearch\u002F2024-housing-predictions-33447\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">home prices\u003C\u002Fa> will go up over 2% by the end of this year – not down.\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Fwww.freddiemac.com\u002Fresearch\u002Fforecast\u002F20231220-us-economy-expanded-in-2023\" rel=\"noopener noreferrer\" target=\"_blank\">Prices\u003C\u002Fa> aren’t likely to depreciate in 2024 because \u003Ca href=\"\u002F2024\u002F01\u002F16\u002Fwhy-you-may-want-to-seriously-consider-a-newly-built-home\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">inventory\u003C\u002Fa> is still tight and lower \u003Ca href=\"\u002F2024\u002F01\u002F08\u002Fwhat-lower-mortgage-rates-mean-for-your-purchasing-power\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">mortgage rates\u003C\u002Fa> are leading to strong \u003Ca href=\"\u002F2024\u002F01\u002F17\u002F2-reasons-why-todays-mortgage-rate-trend-is-good-for-sellers\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">buyer demand\u003C\u002Fa>. Those two factors will keep pushing \u003Ca href=\"https:\u002F\u002Fwww.fanniemae.com\u002Fnewsroom\u002Ffannie-mae-news\u002Fq4-2023-home-price-expectations-survey\" rel=\"noopener noreferrer\" target=\"_blank\">prices\u003C\u002Fa> up as the year goes on. As Selma Hepp, Chief Economist at \u003Cem>CoreLogic\u003C\u002Fem>, \u003Ca href=\"https:\u002F\u002Fwww.cnn.com\u002F2023\u002F12\u002F26\u002Fbusiness\u002Fus-home-prices-record-high-october\u002Findex.html\" rel=\"noopener noreferrer\" target=\"_blank\">explains\u003C\u002Fa>:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“With mortgage rates dropping, demand for homes in early 2024 is likely to be strong and will again put pressure on prices, similar to trends observed in early 2023 . . . \u003C\u002Fem>\u003Cstrong>\u003Cem>Most markets will continue to reach new home price highs over the course of 2024.\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem>”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Ch4>\u003Cstrong>What Does This Mean for You?\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Experts are saying \u003Ca href=\"https:\u002F\u002Ftwitter.com\u002FNewsLambert\u002Fstatus\u002F1730642488346472787\" rel=\"noopener noreferrer\" target=\"_blank\">home prices\u003C\u002Fa> will go up this year, and that's good news if you're \u003Ca href=\"\u002F2024\u002F01\u002F03\u002Fthinking-about-buying-a-home-ask-yourself-these-questions\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">thinking\u003C\u002Fa> about \u003Ca href=\"\u002F2024\u002F01\u002F16\u002Fwhy-you-may-want-to-seriously-consider-a-newly-built-home\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">buying a home\u003C\u002Fa>. When you become a \u003Ca href=\"\u002F2024\u002F01\u002F15\u002Fhomeownership-is-still-at-the-heart-of-the-american-dream\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">homeowner\u003C\u002Fa>, you want the \u003Ca href=\"https:\u002F\u002Fcdn.nar.realtor\u002Fsites\u002Fdefault\u002Ffiles\u002Fdocuments\u002Fforecast-q4-2023-us-economic-outlook-10-26-2023.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">value\u003C\u002Fa> of your house to \u003Ca href=\"\u002F2024\u002F01\u002F11\u002Fthe-dramatic-impact-of-homeownership-on-net-worth\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">go up\u003C\u002Fa>. That appreciation is what builds \u003Ca href=\"\u002F2024\u002F01\u002F09\u002Fways-your-home-equity-can-help-you-reach-your-goals\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">equity\u003C\u002Fa> and makes homeownership such a good investment over time.\u003C\u002Fp>\u003Cp>Beyond that, expected home price appreciation also means if you’re ready, willing, and able to \u003Ca href=\"\u002F2024\u002F01\u002F05\u002Fachieving-your-homebuying-dreams-in-2024-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">buy\u003C\u002Fa>, waiting just means it will cost more later. \u003C\u002Fp>","\u003Cp>If you're worried home prices will come down, don’t be. Many experts believe they’ll actually go up this year. If you have questions or worries about what’s happening with prices in our area, let’s connect.\u003C\u002Fp>","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240122\u002F20240123-2024-Home-Price-Forecasts.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},327,"Forecasts","forecasts","2024-01-23T11:30:00Z","2024-04-11T20:15:44Z",{"id":36,"slug":37,"title":38,"featuredImage":39,"publishedAt":40,"contentType":10,"isVideo":15},39819,"3-must-dos-when-selling-your-house-in-2024","3 Must-Do’s When Selling Your House in 2024","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240118\u002F20240122-3-Must-Do-s-When-Selling-Your-House-in-2024.png","2024-01-22T11:30:00Z",{"id":42,"slug":43,"title":44,"featuredImage":45,"publishedAt":46,"contentType":10,"isVideo":15},39601,"are-more-homeowners-selling-as-mortgage-rates-come-down","Are More Homeowners Selling as Mortgage Rates Come Down?","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240117\u002F20240124-Are-more-homeowners-selling-as-mortgage-rates-come-down.jpg","2024-01-24T11:30:00Z",{"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",[52,56,57,61,65,69,70,71,75,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,148,152,156],{"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":80,"name":81,"slug":82},38,"Move-Up","move-up",{"id":84,"name":85,"slug":86},41,"For Sale by Owner","for-sale-by-owner",{"id":88,"name":89,"slug":90},42,"Featured","featured",{"id":92,"name":93,"slug":94},45,"New Construction","new-construction",{"id":96,"name":97,"slug":98},52,"Luxury \u002F Vacation","luxury--vacation",{"id":100,"name":101,"slug":102},53,"Rent vs. Buy","rent-vs-buy",{"id":104,"name":105,"slug":106},80,"Time-sensitive","time-sensitive",{"id":108,"name":109,"slug":110},81,"Outdated","outdated",{"id":112,"name":113,"slug":114},147,"Internal","internal",{"id":116,"name":117,"slug":118},148,"Do Not Autopost","do-not-autopost",{"id":120,"name":121,"slug":122},320,"Inventory","inventory",{"id":124,"name":125,"slug":126},321,"Agent Value","agent-value",{"id":128,"name":129,"slug":130},322,"Affordability","affordability",{"id":132,"name":133,"slug":134},323,"Buying Tips","buying-tips",{"id":136,"name":137,"slug":138},324,"Downsize","downsize",{"id":140,"name":141,"slug":142},325,"Economy","economy",{"id":144,"name":145,"slug":146},326,"Equity","equity",{"id":30,"name":31,"slug":32},{"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"]