{"id":8011,"date":"2023-04-17T10:30:00","date_gmt":"2023-04-17T10:30:00","guid":{"rendered":"https:\/\/thezakariagroup.com\/think-twice-before-waiting-for-lower-home-prices\/"},"modified":"2023-04-17T10:30:00","modified_gmt":"2023-04-17T10:30:00","slug":"think-twice-before-waiting-for-lower-home-prices","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/think-twice-before-waiting-for-lower-home-prices\/","title":{"rendered":"Think Twice Before Waiting for Lower Home Prices"},"content":{"rendered":"
\"Think<\/p>\n

As the housing market continues to change, you may be wondering where it\u2019ll go from here. One factor you\u2019re probably thinking about is home prices, which have come down a bit since they peaked last June. And you\u2019ve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on buying a home<\/a> until prices drop significantly. But that\u2019s not the best strategy.<\/p>\n

A recent survey<\/a> from Zonda<\/em> shows 53% of millennials are still renting right now because they\u2019re waiting for home prices to come down<\/strong>. But here\u2019s the thing: the most recent data shows that home prices appear to have bottomed out and are now on the rise again. Selma Hepp, Chief Economist at CoreLogic<\/em>, reports<\/a>:<\/p>\n

\u201cU.S. home prices rose by 0.8% in February . . . indicating that<\/em> prices in most markets have already bottomed out<\/em><\/strong>.\u201d<\/em><\/p><\/blockquote>\n

And the latest data from Black Knight<\/em> shows the same shift. The graph below compares<\/a> home price trends in November to those in February:<\/p>\n

<\/a><\/p>\n

So, should you keep waiting to buy a home until prices come down? If you factor in what the experts are saying, you probably shouldn\u2019t. The data<\/a> shows prices are increasing in much of the country, not decreasing. And the latest data from the Home Price Expectation Survey <\/em>indicates that experts project home prices will rise steadily and return to more normal levels of appreciation after 2023. The best way to understand what home values are doing in your area is to work with a local real estate professional who can give you the latest insights and expert advice.<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

As the housing market continues to change, you may be wondering where it\u2019ll go from here. One factor you\u2019re probably thinking about is home prices, which have come down a bit since they peaked last June. And you\u2019ve likely heard something in the news or on social media about a price crash on the horizon. […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[98,99,102,109,101,108],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nThink Twice Before Waiting for Lower Home Prices - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/think-twice-before-waiting-for-lower-home-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Think Twice Before Waiting for Lower Home Prices - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"As the housing market continues to change, you may be wondering where it\u2019ll go from here. 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