The real estate market is ever-changing, and staying informed about its future trends is crucial for both Delaware and Pennsylvania area buyers and sellers. The recent Home Price Expectation Survey (HPES) from Pulsenomics offers valuable insights into what we can expect. Below, we’ll break down the key points from the study to give you a clear understanding of the projections.
Let’s first begin by taking an overview of the current real estate market which is experiencing low inventory, high demand, and rising mortgage rates. These factors have contributed to significant price appreciation in recent years.
Expert Predictions
Several housing market experts were surveyed to gather their insights on the future of home prices. The consensus among these experts is that home prices will continue to rise over the next five years, although at a slower pace compared to recent years.
Moderate Price Growth
While home prices are projected to increase, the rate of growth is expectedk ...