We Called it. Home Prices Did NOT Crash! Prices Still Going UP!

Home prices are still rising according to Zillow’s annual report showing May 2022 to May 2023 home prices went up nationally .9%. Home prices are projected to rise 6% by December 2024.

More buyers than sellers in the real estate market turned a lack of supply of houses for sale into higher prices as people trying to purchase homes chased a dwindling supply. This trend is likely to continue until interest rates start to decline.

Inflation has pushed home prices up as well and strong jobs report and a strong economy has also led to home price predictions to increase as well into 2024.

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