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HOME PRICE OUTLOOK 2015

Posted on April 22, 2015 by Gloria Matthews in Articles, Buy A Home, Home Buying, Home Selling, Home Values, Pre Planning, Sell A Home

HOME PRICE OUTLOOK 2015

I think every homeowner wants to know,  “whats my house worth now?”   Its not a new question but I think it has been almost obsessive over the last 10 years, especially if you purchased during this period.  While in most places around the country, we have not yet hit the price highs of 2007, but still 5-10% below, depending on local market factors and frankly that can vary from neighborhood to neighborhood.   In short,  the real estate analysts are predicting 3-4% appreciation annually through 2018.   There are bulls and bears, as there are in any market or commodity, but thats the consensus.   And short sales and foreclosures have dropped some 35%,  as home equity  increases and the employment picture stable to growing.

Okay then,  Whew!!

What I want to spend some time on today is a longer term perspective on a few ideas about home ownership.

1.  It is the single greatest investment most people make

2.  It is the single most important vehicle for wealth accumulation

3.  It is one of the most historically stable “leveraged” investment anyone can make

4.  WHY a 30 year mortgage.  who came up with that length of term and why?

5.  Living somewhere always costs something

6.   Refinancing as a cost management tool.

7.  The fed WANTS  inflation

 

 

 

home-price-outlook-2015

Home Price Appreciation

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