According to a major real estate market analyst, home prices are appreciating. In fact, they say that home prices have risen 3.6% in the past year. In addition, home prices have risen 1% in the past month!
Appreciating Home Prices
The same analyst also gives a forecast for home prices appreciating about 4.7% over the next 12 months. When you look at the home price appreciation , both past and projected, it seems to be a great time to buy a home. In addition, due to lower interest rates than a year ago, buyer’s affordability has improved.
Bottom Line
If you’re thinking of either buying a first home, or upgrading your existing home, call us. We can offer our experience and expertise to help you through the process. Take advantage of the low interest rates before the home prices appreciate you out of the market.
Would you like to search for a house or a condo in other Monmouth County towns?
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