Welcome to the UtahREexpert.com Blog

2019-09-12 11:12:50
What Is the Probability That Home Values Sink?
What Is the Probability That Home Values Sink?
 


With the current uncertainty about the economy triggered by a potential trade war, some people are waiting to purchase their first home or move-up to their dream house because they think or hope home prices will over the next few years. However, the experts disagree with this perspective.

Here is a table showing the predicted levels of appreciation from six major housing sources:What Is the Probability That Home Values Sink? | Keeping Current MattersAs we can see, every source believes home prices will continue to appreciate (albeit at lower levels than we have seen over the last several years). But, not one source is calling for residential real estate values to depreciate.

Additionally, ARCH Mortgage Insurance Company in their current Housing and Mortgage Market Review revealed their latest ARCH Risk Index, which estimates the probability of home prices being lower in two years. There was not one state that even had a moderate probability of home prices lowering. In fact, 34 of the 50 states had a minimal probability.What Is the Probability That Home Values Sink? | Keeping Current Matters

Bottom Line

Those waiting for prices to fall before purchasing a home should realize that the probability of that happening anytime soon is very low. With mortgage rates already at near historic lows, now may be the time to act.

 
Blog Archive
2019-09-12 11:12:50
What Is the Probability That Home Values Sink?

2019-07-10 09:43:58
4 Tips to Sell Your Home Faster

2019-05-09 10:55:27
The 4 Benefits of a 20% Down Payment

2019-04-05 09:15:09
Spring Home Maintenance Checklist

2019-03-25 16:26:24
20 Tips For Preparing Your House For Sale This Spring

2019-03-25 16:21:10
7 Things To Avoid After Applying for a Mortgage!

2019-02-21 13:03:05
3 Reasons Why We Are Not Heading Toward Another Housing Crash

2019-01-12 13:37:51
Is the Recent Dip in Interest Rates Here to Stay?

2018-11-05 17:14:45
5 Things to Keep in Mind When Buying Land

2018-08-17 09:20:18
7 Things You Didn't Know About Radon

2018-08-16 11:49:34
Gigantic Difference Between 2008 and 2018

2018-08-10 12:05:12
5 Things to Consider Before Starting a Master Bath Remodel

2018-07-06 11:42:03
Top 4 Home Renovations for Max Return

2018-06-19 11:10:06
5 Better House Painting Hacks

2018-05-03 13:15:02
4 Reasons Why Today's Housing Market is NOT 2006

2018-05-02 13:19:47
May is the Best Month to Sell Your Home

2018-05-01 08:13:33
Best Financial Advice When Saving to Buy a Home!

2018-04-19 10:17:32
Is Mortgage Debt Out of Control?

2018-04-17 13:02:43
Rising Home Prices Help Build Your Family's Wealth

2018-04-12 10:58:53
The COST of Your Next Home Will Be LESS Than Your Parent's Home

2018-04-09 11:29:16
Declutter to Improve Your Home's Marketability

2018-03-21 13:23:46
Home Safety Tips

2018-03-14 13:44:40
Gamer Home Upgrades

2018-03-07 14:01:20
7 Things to get Rid of Right Now

2018-02-28 14:51:28
Saving Money for a House

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.