To connect with me directly, contact me at 917-254-2103. For your FREE Home evaluation to learn the value of your home, your Homeowner Resource Guide, or your Home Buying/Down Payment Assistance Guide, use this link: https://bit.ly/45URvuV or text HomeswithJustin to 85377.
Thinking about buying a home or selling your current one to find a better fit? If so, you might be wondering what’s going on with home prices these days. Here’s the scoop.
The latest national data from Case-Shiller and the Federal Housing Finance Agency (FHFA) shows they’re going up (see graphs below):
As you can see, home prices were rising for most of 2023. But over the course of December and January, they were virtually flat – which is pretty normal for that time of year.
But here’s what you need to know now. As of February, when the spring market kicked off, prices were on the rise again.
Home Prices Are Going Up in Most of America’s Top Cities
After seeing a jump in home prices nationally in February, you might be wondering if they’re going up in your area, too. While it depends on where you live, prices are rising in 18 of the top 20 cities Case-Shiller reports on in the monthly price index (see chart below):
Most experts also think home prices will keep rising and end the year on a high note. Forbes explains why:
“Even as mortgage rates have reached their highest level since November, persistent demand coupled with limited housing supply are key drivers pushing home values upward.”
How This Impacts You
Bottom Line
The data shows home prices are increasing nationally. Chat with me to see exactly what’s going on with prices in our neighborhoods. My direct number is 917-254-2103, and I am happy to help.
The new year is right around the corner, and you might be wondering if 2024 will be the right time to buy or sell a home. If you want to make the most informed decision possible, it’s important to know what the experts have to say about what's
What Every Bronx Seller Needs to Do Before Listing in Today's Market Deciding to sell your home in the Bronx is one thing. Being ready to sell it is another. And right now, in a market where buyers have more choices than they did a year or two ago an
Buying a home is one of the most exciting—and financially significant—decisions you'll ever make. But while many buyers focus on saving for the down payment and calculating their monthly mortgage, there’s a lot more to the picture t
The new year is right around the corner, and you might be wondering if 2024 will be the right time to buy or sell a home. If you want to make the most informed decision possible, it’s important to know what the experts have to say about what's
What Every Bronx Seller Needs to Do Before Listing in Today's Market Deciding to sell your home in the Bronx is one thing. Being ready to sell it is another. And right now, in a market where buyers have more choices than they did a year or two ago an