1 in 4 believe home prices will depreciate!

By LeAnne Carswell

Real Estate Broker/Owner with Expert Real Estate Team 5561

February 12, 2024 10:48 AM

Today is February 12, 2024, and my name is LeAnne Carswell. I am the owner and broker in charge of the Expert Real Estate Team.

In my opinion, 1 in 4 people mistakenly believe that homes will depreciate in 2024. I would like to show you a few slides to alley this fear.

Since 1980, home prices have appreciated except for the years when predatory lending caught up with the market in 2007-2010.
The 2024 forecast of 8 of the top economists on housing average a 2.8% appreciation gain!
Mortgage projections below 6% by the end of the year will mean stiff competition for homes.
A few terms you may hear in 2024

I would love to hear what you think! Let me know in the comments below.

Comments(6)

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Roy Kelley

Retired - Gaithersburg, MD

Preceptions and reality are often quite different.

In our area, we expect to see an increase in home values.

Feb 12, 2024 11:18 AM

Dennis Neal

Exp Realty of Southern California, Inc. - Big Bear Lake, CA

Your Home Sold in 21 Days or We Sell It For Free

Thank you for sharing your knowledge and experiences! Wishing you a great week ahead.

Feb 12, 2024 12:24 PM

George Souto

George Souto NMLS #65149 - Middletown, CT

Your Connecticut Mortgage Expert

LeAnne Carswell put me in the category of the 3 out of 4 who not think they will decrease.

Feb 12, 2024 01:22 PM

John Pusa

Glendale, CA

Hello LeAnne Carswell hopefully they are wrong and home prices will not depreciate.

Feb 12, 2024 05:55 PM

Richard Weeks

Dallas, TX

REALTOR®, Broker

Great information, thanks for sharing. I hope you have a great day.

Feb 13, 2024 06:07 AM

Will Hamm

Hamm Homes - Aurora, CO

"Where There's a Will, There's a Way!"

Hello LeAnne and I think it is 3 in 4 think prices will go up, it is still a great investment buying a home.

Feb 13, 2024 08:28 AM