You might be curious about what your next move should be as a prospective homebuyer. One aspect that likely concerns you is home prices, which have decreased somewhat since their peak last June.
You may have also heard rumors of an impending price crash in the news or on social media, causing you to postpone buying a home until prices drop significantly. However, this may not be the wisest approach.
According to a recent Zonda survey, 53% of millennials still rent because they're waiting for home prices to drop. However, the latest data suggests that home prices have already hit bottom and are increasing.
Selma Hepp, Chief Economist at CoreLogic, states that U.S. home prices rose by 0.8% in February, implying that prices in most markets have bottomed out.
According to most experts, it's probably not the best idea. Data indicates that prices are increasing in many parts of the country rather than decreasing.
Furthermore, the latest Home Price Expectation Survey suggests that experts forecast steady growth in home prices, returning to more typical appreciation levels after 2023. So if you're waiting for home prices to drop before buying, you should reconsider.
The best way to understand how home values are behaving in your region is to work with a local real estate professional who can offer you the most up-to-date insights and professional advice. Contact us today for personalized service!
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 235599
Real Estate Broker – CA Dept of Real Estate – Lic #01851459 – NMLS #235599
140 Litton Dr Suite 208
Grass Valley, California 95945
Nevada County Mortgage strives to ensure that its services are accessible to people with disabilities. Nevada County Mortgage has invested a significant amount of resources to help ensure that its website is made easier to use and more accessible for people with disabilities, with the strong belief that every person has the right to live with dignity, equality, comfort and independence.
Nevada County Mortgage makes available the UserWay Website Accessibility Widget that is powered by a dedicated accessibility server. The software allows nevadacountymortgage.com to improve its compliance with the Web Content Accessibility Guidelines (WCAG 2.1).
Nevada County Mortgage accessibility menu can be enabled by clicking the accessibility menu icon that appears on the corner on the page. After triggering the accessibility menu, please wait a moment for the accessibility menu to load in its entirety.
Nevada County Mortgage continues its efforts to constantly improve the accessibility of its site and services in the belief that it is our collective moral obligation to allow seamless, accessible and unhindered use also for those of us with disabilities.
Despite our efforts to make all pages and content on Nevada County Mortgage website fully accessible, some content may not have yet been fully adapted to the strictest accessibility standards. This may be a result of not having found or identified the most appropriate technological solution.
If you are experiencing difficulty with any content on Nevada County Mortgage website or require assistance with any part of our site, please contact us during normal business hours as detailed below and we will be happy to assist.
If you wish to report an accessibility issue, have any questions or need assistance, please contact us by sending an email to: email@example.com