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You are here: Home / Blog / Market Trends

Home prices predicted to rise nearly 5% by January 2019

June 11, 2018

Home Prices Predicted To Rise Nearly 5% By January 2019

According to a recent CoreLogic Home Price Insights Report, home prices across the nation are expected to rise a total of 4.8 percent between January 2018 and January 2019. While that’s not as high as the 6.6 percent growth the market saw between January 2017 and January 2018, it’s still substantial.

According to CoreLogic’s predictions, a home that’s listed for $350,000 today will cost you $366,800 in January 2019 — a change of $16,800 in just 12 months.

And not only are homes getting more expensive, but so are mortgages; according to a recent report from Freddie Mac, mortgage interest rates are predicted to rise a full percentage point by the end of the year (from 3.9% for a 30-yr fixed-rate mortgage at the end of 2017 to 4.9% by the end of 2018).

Between the rising housing costs and increased interest rates, you can end up paying tens of thousands (or even hundreds of thousands) more for the same home at the end of 2018 than you would today. So, if you’re thinking about purchasing a home, you need to act sooner rather than later to secure the best deal.

Filed Under: Market Trends Tagged With: Home Prices

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Russ Fortuno, Associate Broker

I'm a Southern Arizona native and year-round Green Valley resident. Whether you’re buying or selling a home in the Green Valley or Sahuarita area, you’ll experience unsurpassed service and professionalism at all stages of your real estate transaction. I welcome the opportunity to assist in your next home sale or purchase.
Meet Russ

Tierra Antigua Realty

18745 S. I-19 Frontage Rd., Ste. A105
Green Valley, AZ 85614
(520) 333-0446
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