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Don’t Believe Everything You Read About Home Prices

Just a few weeks ago, Fannie Mae predicted that home prices would go up by 3.9% in 2023. But now, in their latest forecast, they say it’s going to be even higher at 6.7% for the year. This change in prediction shows that the experts are really confident that home prices will go up this year.

So, if you think home prices are going down, it might be a good idea to listen to what the experts are saying because they believe prices are actually going up.

But it’s not just Fannie Mae that’s reporting this bounce back. Experts from across the industry are showing it in their data too. And that’s why so many forecasts now project home prices will net positive this year – not negative. The graph below helps prove this point with the latest forecasts from each organization:
What’s worth noting is that, just a few short weeks ago, the Fannie Mae forecast was for 3.9% appreciation in 2023. In the forecast that just came out, that projection was updated from 3.9% to 6.7% for the year. This increase goes to show just how confident experts are that home prices will net positive this year.

In summary, there has been a lot of confusing information about home prices recently, and it’s affecting how people feel about the housing market. But it’s important not to believe everything you hear or read. If you want reliable information, I’m here to help. Feel free to reach out to me with any questions you have about what’s happening in your local area. I’d be happy to assist you.

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. or Mary Ann Uhrenholdt, Licensed Salesperson does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. or Mary Ann Uhrenholdt Licensed Salesperson will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

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