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What will home prices do in the short‑term?

Don’t expect home price growth to slow much near term, pros say. Indeed, May is often one of the busiest times of year for homebuyers, and “as a result, this May could bring with it even more limited housing inventory and in turn, even higher home prices,” says Lending Tree’s senior economic analyst Jacob Channel. And Steve Reich, chief operations officer at Finance of America Mortgage, says that demand remains strong for homes, particularly among millennials seeking to buy their first home, so he too says we’re likely in for “a gradual increase in home-price appreciation throughout May.”

Source: Picks

Are you considering selling and/or purchasing a home in Bucks, Montgomery, Delaware, Mercer, Burlington or Philadelphia? More than ever, you need expert, professional representation. Before you consider making a move, call The John McClintock Team at 267‑759‑9518 for no obligation recommendations on dealing with bids, realistic prices and precise timing to suit your needs.

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Information is deemed reliable but not guaranteed.