Hey everybody, Jason and Missy Improta with The Improta Team at eXp here. So we’ve been saying, don’t sit the fences anymore because prices are going up, not down.
Well, it looks like Zillow agrees. So sometimes we bash Zillow for not being good with their Zestimates on individual homes. But on a macro level, they’re actually surprisingly accurate.
And what are they saying right now? They have a ton of data. They’re saying that home prices are projected to rise this year by 3.9%. Now, that’s not a lot, but if you’ve been waiting for this perfect time to sell your home and buy another or to buy for the first time, or to buy an investment property, probably shouldn’t wait because it doesn’t look like prices are going to be coming down.
And that estimate is actually up from what they were saying earlier in the year. So as it echoes what we’ve been saying all along, we really do expect prices to go up.
Zillow seems to think so too. Most of the other experts out there that we’ve talked to or read about, say the same thing.
And we’re seeing it. We’re feeling it. We’re in the trenches every day. It seems to be what is going on and what will continue to occur.
If you have more questions about how this affects you, or what your situation is, give us a call.