Presented By:

Where are Home Values Headed Over the Next 12 Months?

News | 29th Sep 2020

We’ve shared how the shelter-in-place orders had little negative impact on the housing market in San Diego and how currently, values are extremely strong. As Mark Fleming, Chief Economist at First American, recently revealed:

“The only major industry to display immunity to the economic impacts of the coronavirus is the housing market.”

Have prices continued to appreciate so far this year?

Last week, the Federal Housing Finance Agency (FHFA) released its latest Home Price Index. The report showed home prices actually rose 6.5% from the same time last year. FHFA also noted that price appreciation accelerated to record levels over the summer months:

“Between May & July 2020, national prices increased by over 2%, which represents the largest two-month price increase observed since the start of the index in 1991.”

What are the experts forecasting for home prices going forward?

Below is a graph of home price projections for the next year. Since the market has changed dramatically over the last few months, this graph shows forecasts that have been published since September 1st.

Housing Market

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Share & Print This Post
Choose A Topic Below

How much is your
Home worth?

Looking for a home? Talk to an Area Expert...
  • This field is for validation purposes and should be left unchanged.
Follow Us

8 hours ago

Maxine & Marti Gellens, Berkshire Hathaway HomeServices

Live just 7 homes from the bay in Crown Point Pacific Beach! SoCal living at its finest!

#crownpoint #missionbay #crownpointrealestate
...

View on Facebook

2 days ago

Maxine & Marti Gellens, Berkshire Hathaway HomeServices

La Jolla has just 3 high-rises that were grandfathered in before height restrictions were put in place. 939 Coast is the only one on the ocean in La Jolla and we love selling these luxury condos. Stay tuned for what we might have coming next…

#lajollaluxury #lajollahighrise #939coast #lajollaoceanfront
...

View on Facebook

Enjoy sophisticated modern flair with this custom home in the coveted guard-gated community of The Bridges. Set upon a beautifully landscaped, 0.8-acre parcel on a cul-de-sac creating a very private setting with no neighbor behind you. Ideally designed to embrace indoor-outdoor living with a gorgeous, gated entry courtyard, an expansive lanai with a fireplace inviting al fresco dining, and a tranquil backyard highlighted by an infinity-edge pool, spa, outdoor fireplace and plenty of space for lounging. Call us to schedule a private showing.

#moderndesign #rsf #ranchosantafehomes #thebridges
...

View on Facebook