Wondering What’s Going on with Home Prices?

Wondering What’s Going on with Home Prices?

Wondering What’s Going on with Home Prices? | MyKCM

Home prices have been on the rise for the past few years, driven by strong demand from buyers and low interest rates. The average home price in the US has been increasing steadily since 2012, reaching a peak of $326,000 in February 2020. However, due to the COVID-19 pandemic, home prices have started to flatten out in recent months. The market is still uncertain, but experts expect that home prices will eventually continue to increase, albeit at a slower rate than before. Some experts believe that the upcoming election may have an impact on home prices, depending on the outcome.

What Does This Mean for You?

If youre in the market for a home, now may be a good time to buy. With home prices flattening out, you may be able to get a better deal than if you had waited until the market picked up again. However, its important to consider all of your options before you make a decision, as the market is still uncertain. Speak to a real estate professional for advice and to discuss your options.

Bottom Line

To understand what’s going on with home prices in our market and how they could impact your goals, let’s connect today.

 

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