Home Prices Will Continue to Rise

Most people, consumers and experts alike, feel that home prices will continue to rise about 15% over the next 3 years.   Evidence that the housing market is significantly stronger today, coupled with the positive attitude of consumers, will cause the expected increase to happen.

 

Mortgage rates are also expected to rise at some point.  With interest rates being at record lows for so long now, I must agree that an increase in how much it costs to get a loan will likely go up.

 

Sadly, though, there are still households that continue to experience the negative effects of the recession.  Finances are tight and some families are just hanging on.  This reality will prevent home values from going up too quickly. 

 

While some of us are experiencing the joy of the rebound in the housing market and the strengthening of the economy, please remember that there is always someone close by that may need a helping hand either financially or even just by receiving an encouraging word.  

 

There is no greater joy than helping another person along the path of your own success....in my opinion of course. I hope you all have a great week!

 

Nancy Puder is the broker and owner of Signature Properties, a real estate sales and management firm in Arroyo Grande, CA.  You may contact her at Nancy@NancyPuder.com or (805)710-2415 She always enjoys hearing from you!