How Will Mortgage Rates and Home Prices Change in the Future?

Home prices have declined this year in several cities as buyer demand has decreased in reaction to those increased mortgage rates. Expert predictions for the upcoming year are inconsistent. In essence, some places may still experience modest price rise while others would experience modest price decreases. Everything is dependent on other elements operating in that regional market, such as the equilibrium of supply and demand.

Bottomline

Reach out for the most recent information on what experts are saying and what it implies for your area if you want to know what's happening with property prices or mortgage rates.

Reference:

Crew, K. (2022, November 8). What’s Ahead for Mortgage Rates and Home Prices? Keeping Current Matters. https://www.keepingcurrentmatters.com/2022/11/09/whats-ahead-for-mortgage-rates-and-home-prices/