2024 is shaping up to be a year of solid home appreciation following the numbers that are coming in from last year.

The most recent reports from CoreLogic and Redfin confirm that home prices rose in 2023 despite rough homebuying conditions. The numbers even eclipsed the ones we saw at the peak of the market in June of 2022.

Even the Zillow Home Value Index, which is usually the most conservative measure of the popular home price indexes, is showing 3.2% positive home appreciation for 2023.

This trend is on track to continue this year. Home demand is going up, housing supply is low, and this imbalance will continue to push prices up at a steady pace.

If you have clients who want to buy but are worried about what is going to happen to home prices, please share this with them! And as always, please don’t hesitate to reach out to me if you have any questions 😊

Ready to get started?  We’re here to help!

Tim Erickson
P: (652) 451-2273
E: tim.erickson@goluminate.com
W: www.TimEricksonMortgage.com

Mark Henderson
P: (651) 398-3477
E: mark.henderson@goluminate.com
W: www.MarkHendersonMortgage.com