Forecasting Housing Prices in 5 Years For Villages of Urbana MD Homeowners
The real estate market has been rising steadily in Urbana MD since the 2005-2006 crash. Most major real estate portals are reporting for homes prices to keep rising in the next few years. The most important factor for this area is about thousands of new Millenials coming into the market, young professionals, with jobs and ready to buy a nice home in the right neighborhoods.
This is why Villages of Urbana has many reasons to benefit from this demand. Young professionals want the best prices, in a safe neighborhood, with great schools and the convenience of Washinton DC nearby...
Of course, we will have some temporary delays along the way, the recent mortgage rate increase may cause some hesitation from buyers but, history tends to repeat itself. As long as renters defined more value owning a home than leasing it...we will always have growth in our forecast no matter what the interest rates will be.
Speaking to some people in social environments, I know that,
Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.
Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.
The results of their latest survey:
Home values will appreciate by 4.0% over the course of 2017, 3.2% in 2018 and 3.0% the next three years (as shown below). That means the average annual appreciation will be 3.24% over the next 5 years.
The prediction for cumulative appreciation ticked up from 18.7% to 21.4% by 2021. The experts making up the most bearish quartile of the survey are projecting a cumulative appreciation of 10.2%.
Individual opinions make headlines. We believe this survey is a fairer depiction of future values.
If you want to find the best house for the money in Villages of Urbana….
This is what we can do for you,
We will prepare you a list of houses that fit your criteria and take the time to show all these houses to you, with no pressure and no hassle.
So please let us know when you are ready ...
If you want to get started now,
Please call us at 301-246-0001
Or text to 240-426-5754
Thinking of selling your home? Let Fernando take over the marketing of your property with our unique 99 STEPS system
www.99SOLD.com - Call or text 240-426-5754 for more information.