According to Corelogic's latest forecast, home prices will likely jump 5.4% by July 2020, due to low mortgage rates, low inventory, and increase in household income. Contact us for more knowledge and strategies.
CoreLogic: Home-price gains will pick up speed
"Low mortgage rates coupled with a scarcity of inventory are driving gains in home prices because lower financing costs mean borrowers can qualify for bigger mortgages. A shortage of homes for sale, especially in lower-price segments of the market, are giving sellers the opportunity to hold out for the prices they want. Also supporting home-price gains is an increase in U.S. household income, said Frank Nothaft, CoreLogic’s chief economist."
