Mid-Year Market Update
Hi, I am Judy Hamilton with Homes By Judy. Here are some things to consider as we head into the coming months. First of all home prices are appreciating at normal rates. Over the past ten years we’ve seen home prices appreciating significantly from one year to the next. We just keep going up and up. According to the Experts at The Home Price Expectation Survey, Fannie Mae, Freddie Mac and the Mortgage Bankers Association they are anticipating appreciation to continue to go up as we move into 2020 but at more normal levels which they are estimating about 3.6%. That is an average – we all know areas where prices are climbing much higher.
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