Home prices are expected to rise in Eastvale CA
For the state of California, they are predicting a price increase of 5% to 7.5%. That is great news for he housing recovery. However, if one is looking to purchase a property in the near future, it is wise to do it soon rather than later. This is also true with homeowners who are looking to move up or downsize. Even if there is not a significant increase in interest rates, just the fact that home prices are expected to rise, one would wiser to buy a property NOW.
If you are a homeowner in Eastvale looking to move up, there is no better time to list than now and move on toward your next purchase before price continues to sky rocket. Eastvale's inventory is still limited. If you price your home correctly, there should be plenty of demand coming from buyers looking to relocate to our city of Eastvale due to our location and our exceptional school district.
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REALTORS® Expect Modest Price Growth in Next 12 Months, Based on June 2014 REALTOR® Survey
REALTORS® generally expect home prices to increase in all states and the District of Columbia over the next 12 months, according to the June 2014 REALTORS® Confidence Index. The median expected price increase is 3.6 percent [1].
Expected price movements depend on local conditions relating to housing demand and supply, demographics, and job growth. Difficulties in accessing mortgage financing, and modest expectations about overall economic and job prospects are factors underpinning the modest price expectation. The expected price growth was highest in FL, TX, CA, and OR, where inventory remains tight, and where there are strong growth sectors (e.g., technology, oil) and cash sales (FL).
[1] The median expected price change is the value such that 50 percent of respondents expect prices to change above this value and 50 percent of respondents expect prices to change below this value. A median expected price change is computed for each state based on the respondents for that state. The graph shows the range of these state median expected price changes. To increase sample size, the data is averaged from the last three survey months.
Home prices are expected to rise in Eastvale CA
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