[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f18bnatyzod8vc":3,"$ffeh0925h8cuz":44,"$fbwk2pqjjqsc7":48},{"item":4,"previous":32,"next":38},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":12,"body":13,"agentsBottomLine":14,"bodyImage":15,"isInfographic":16,"categories":17,"isVideo":16,"videoThumbnail":9,"videoSource":9,"publishedAt":30,"updatedAt":31},52301,"whats-next-for-home-prices-and-mortgage-rates","What’s Next for Home Prices and Mortgage Rates?","\u003Cp>If you’re thinking of making a move this year, there are two housing market factors that are probably on your mind: home prices and mortgage rates.\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240514\u002F20240520-What-s-Next-for-Home-Prices-and-Mortgage-Rates.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240530\u002FSTM-Banner-20230320-Blog.jpg","\u003Cp>If you’re thinking of making a move this year, there are two \u003Ca href=\"\u002F2024\u002F04\u002F19\u002Fmyths-about-the-2024-housing-market-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">housing market\u003C\u002Fa> factors that are probably on your mind: \u003Ca href=\"\u002Fen\u002F2024\u002F5\u002F13\u002Fhome-prices-are-climbing-in-these-top-cities\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">home prices\u003C\u002Fa> and \u003Ca href=\"\u002F2024\u002F05\u002F02\u002Fwhat-is-going-on-with-mortgage-rates\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">mortgage rates\u003C\u002Fa>. You’re wondering what’s going to happen next. And if it’s worth it to move now, or better to \u003Ca href=\"\u002F2024\u002F04\u002F16\u002Fshould-i-wait-for-mortgage-rates-to-come-down-before-i-move\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">wait it out\u003C\u002Fa>.\u003C\u002Fp>\u003Cp>The only thing you can really do is make the best decision you can based on the latest information available. So, here’s what experts are saying about both prices and rates.\u003C\u002Fp>\u003Ch4>\u003Cstrong>1. What’s Next for Home Prices? \u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>One reliable place you can turn to for information on home price forecasts is the \u003Ca href=\"https:\u002F\u002Fwww.fanniemae.com\u002Fresearch-and-insights\u002Fsurveys-indices\u002Fhome-price-expectations-survey-hpes\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cem>Home Price Expectations Survey\u003C\u002Fem>\u003C\u002Fa> from \u003Cem>Fannie Mae \u003C\u002Fem>– a survey of over one hundred economists, real estate experts, and investment and market strategists.\u003C\u002Fp>\u003Cp>According to the most recent release, experts are projecting \u003Ca href=\"\u002F2024\u002F04\u002F22\u002Fwhat-you-really-need-to-know-about-home-prices-1\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">home prices\u003C\u002Fa> will continue to rise at least through 2028 (\u003Cem>see the graph below\u003C\u002Fem>):\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240514\u002F20240520-Home-Prices-Will-Rise-over-Next-5-Years.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240514\u002F20240520-Home-Prices-Will-Rise-over-Next-5-Years.png\" alt=\"No Caption Received\">\u003C\u002Fa>\u003C\u002Fp>\u003Cp>While the percent of appreciation varies year-to-year, this survey says we’ll see prices rise (not fall) for at least the next 5 years, and at a much more normal pace.\u003C\u002Fp>\u003Cp>What does that mean for your move? If you buy now, your home will likely grow in value and you should gain equity in the years ahead. But, based on these forecasts, if you wait and prices continue to climb, the price of a home will only be higher later on. \u003C\u002Fp>\u003Ch4>\u003Cstrong>2. When Will Mortgage Rates Come Down?\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>This is the million-dollar question in the industry. And there’s no easy way to answer it. That’s because there are a number of factors that are contributing to the volatile \u003Ca href=\"\u002F2024\u002F04\u002F10\u002Fshould-i-move-with-todays-mortgage-rates\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">mortgage rate\u003C\u002Fa> environment we’re in. Odeta Kushi, Deputy Chief Economist at \u003Cem>First American\u003C\u002Fem>, explains:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“Every month brings a new set of inflation and labor data that can influence the direction of mortgage rates. Ongoing inflation deceleration, a slowing economy and even geopolitical uncertainty can contribute to lower mortgage rates. On the other hand, data that signals upside risk to inflation may result in higher rates.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>What happens next will depend on where each of those factors goes from here. Experts are optimistic rates should still come down later this year, but acknowledge changing economic indicators will continue to have an impact. As a CNET article says:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“Though mortgage rates could still go down later in the year, housing market predictions change regularly in response to economic data, geopolitical events and more.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>So, if you’re ready, willing, and able to afford a home right now, partner with a trusted \u003Ca href=\"\u002F2024\u002F04\u002F23\u002Fthe-best-way-to-keep-track-of-mortgage-rate-trends\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">real estate advisor\u003C\u002Fa> to weigh your options and decide what’s right for you. \u003C\u002Fp>","\u003Cp>Let’s connect to make sure you have the latest information available on home prices and mortgage rate expectations. Together we’ll go over what the experts are saying so you can make an informed decision on your move.\u003C\u002Fp>","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240514\u002F20240520-Home-Prices-Will-Rise-over-Next-5-Years.png",false,[18,22,26],{"id":19,"name":20,"slug":21},5,"For Buyers","buyers",{"id":23,"name":24,"slug":25},9,"Home Prices","home-prices",{"id":27,"name":28,"slug":29},35,"Mortgage Rates","mortgage-rates","2024-05-20T10:30:00Z","2024-06-26T16:56:20Z",{"id":33,"slug":34,"title":35,"featuredImage":36,"publishedAt":37,"contentType":10,"isVideo":16},52142,"should-i-rent-or-buy-a-home-infographic","Should I Rent or Buy a Home? [INFOGRAPHIC]","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240513\u002FShould-I-Rent-or-Buy-a-Home-KCM-Share.png","2024-05-17T10:30:00Z",{"id":39,"slug":40,"title":41,"featuredImage":42,"publishedAt":43,"contentType":10,"isVideo":16},52689,"worried-about-home-maintenance-costs-consider-this","Worried About Home Maintenance Costs? Consider This","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240520\u002F20240521-Worried-about-home-maintenance-costs-Consider-this..png","2024-05-21T10:30:00Z",{"cover":45,"open":46,"shareSpread":47},"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",[49,53,54,58,62,66,67,71,75,76,80,84,88,92,96,100,104,108,112,116,120,124,128,132,136,140,144,148,152,156],{"id":50,"name":51,"slug":52},1,"Uncategorized","uncategorized",{"id":19,"name":20,"slug":21},{"id":55,"name":56,"slug":57},6,"For Sellers","sellers",{"id":59,"name":60,"slug":61},7,"Foreclosures","foreclosures",{"id":63,"name":64,"slug":65},8,"Infographics","infographics",{"id":23,"name":24,"slug":25},{"id":68,"name":69,"slug":70},11,"First-Time Buyers","first-time-buyers",{"id":72,"name":73,"slug":74},34,"Senior Market","senior-market",{"id":27,"name":28,"slug":29},{"id":77,"name":78,"slug":79},38,"Move-Up","move-up",{"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"]