forecast: Home Price Forecasts Over the Next 12 Months - 07/14/20 07:44 AM

Last week, a very well-respected real estate analytics firm surprised many with their home price projection for the next twelve months. CoreLogic, in their latest Home Price Index said:
“The economic downturn that started in March 2020 is predicted to cause a 6.6% drop in the HPI by May 2021, which would be the first decrease in annual home prices in over 9 years.”
The forecast was surprising as it was strikingly different than any other projection by major analysts. Six of the other eight forecasts call for appreciation, and the two who project depreciation indicate it will be one … (0 comments)

forecast: Why Buying at the End of 2012 May Be Your Best Investment Yet - 12/09/12 07:53 PM
With less than a month left in 2012, the number of days to benefit from year-end home buying tax benefits is dwindling quickly. We consulted real estate experts from across the country to share what you need to know when preparing to close before December 31, 2012.
1.) End of year tax benefits: If you are considering buying a home in the near future, capitalize on the remaining weeks of 2012. Purchasing your home before year-end will make you eligible for the following 2012 tax benefits:
Mortgage interest deduction: If you itemize your tax return (which you should do if your … (0 comments)

forecast: NAR: Pending real estate sales jump in January - 02/29/12 08:09 PM
 
More homes went under contract in January compared to December and a year ago, according to an index released today from the National Association of REALTORS® that tracks pending sales of existing U.S. homes.
 
NAR's Pending Home Sales Index, which is based on purchase contracts signed but not yet closed, rose 8 percent from January 2011 and 2 percent from a downwardly revised 95.1 percent in December, to 97. According to revised figures, that's the highest index score since April 2010, just before the deadline for a federal homebuyer tax credit program, when the index was at 111.3.
 
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forecast: Kiplinger’s Housing Forecast: Positive Signs Offset the Negative - 12/22/11 02:54 AM
The median home price in the U.S. has plunged nearly 40% in a little over five years, but the worst is definitely over, according to a recent report by Kiplinger: The market has finally wrung out the last excess valuations born of the housing bubble. Before you break out the party hats, note that this doesn’t mean prices across the nation are poised to rebound anytime soon. Alex Villacorta, director of research and analytics at Clear Capital, a provider of real estate data and analytics, said the housing market is in a “suspended state,” with positive and negative factors offsetting one … (2 comments)

 
Christopher Pataki, Hockessin Delaware Real Estate (RE/MAX Associates)

Christopher Pataki

Hockessin Delaware Real Estate

Hockessin, DE

More about me…

RE/MAX Associates

Address: 668 Yorklyn Road, Hockessin, DE, 19707

Mobile: 302-562-0628

Office: 302-234-3800

The goal of this blog is to inform consumers who are buying, selling and investing in real estate.


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