Good news, indicators show that national home values will continue to climb in 2015. The FHFA’s 2014 4th Quarter report shows all states experienced price growth last year. Marlene Smith of Shelter Mortgage Company says rising home equity means home owners will find it easier to refinance or sell, access cash for home improvements, college tuition or many other important expenses and in some cases eliminate mortgage insurance.
The appreciation figures shown are derived from the Federal Housing Finance Agency (FHFA) All Transactions Data and compiled by Estate of Mind, Inc. Appreciation will vary from year to year, can decline and, for any individual property, can be more or less than the averages illustrated here. Information is deemed accurate but not warranted.
Forbes also predicts upward trends with housing prices continuing to rise, but at slower rate than 2014. “..The housing market has been shifting out of rapid recovery and into a more stable phase that economists are calling the new normal.”
Other predictions include:
- Millennials will overtake Gen X as homebuyers
- Multifamily will continue to boom to meet consumer demand both with raising rents and new construction
- Markets will be driven by economic fundamentals such as job growth, incomes, household information rather than factors such as national price crashes.
Learn how investors of all levels can take advantage of today’s market, contact Rene’ Nelson today call 541-912-6583.