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Thomasville, Georgia… it is a great time to buy and sell. Inventory is low, and many buyers are out. If you are thinking of buying we can help! Let us Walk you through the process. We’ve got lenders that service the Thomasville, Georgia area and can you pre-approved quickly and that can get you in a house in 30 days. First step: Getting Pre-approved. Click on the link below to find out what you can expect.
Sellers….We would love to meet with you in your Thomasville, Georgia Area Home and help you figure out what it’s worth. Click on the link below to find out how we use cutting edge technology to get your home sold.
Call us today… 229-221-5682 and we’ll get you started.
✅What are the analysts thinking❓
✅What are home prices predicted to do❓
✅What are interest rates predicted to do❓
✅Is it a good time to SELL❓
✅Is it a good time to BUY❓
Do you have more questions? Let us know!
📲 Call Or Text Leslie Bennett at 229-221-5682
What’s happening the Thomasville, Georgia Real Estate Market?
The question on everyone’s mind is what’s happening across the country in regards to home prices. Are we going up or down? Buyers are wondering, “Should I wait to buy a house? Are prices going down?” Sellers are wondering, “Should I wait to sell because prices may go up?”
Hi. I’m Leslie Bennett with Bennett Real Estate Company.
I know. I got it. With all the negative press out there, who do we believe? My advice, look at what the experts are saying and what is actually happening right now.
A report that came out from the National Associate of Realtors shows that we have an average of 3.6% increase across the United States in home prices. That is considered normal appreciation.
Here’s the deal: yes, we’ve seen higher over the past few years, and that’s because we were recovering from the crash. You can also see, by this graph for year-over-year change in price, we are seeing an average of 3 to 7.9% increase in almost all areas across the United States.
What’s in store for our future? Unfortunately, my crystal ball is in the shop. But the Home Price Expectation Survey, which is a survey made up of a nationwide panel of over 100 economists, real estate experts, and investment and market strategists, are predicting cumulative appreciation through 2023. We got the aggressive ones who are predicting about 28 to 30%, the in-betweeners are anticipating about 17%, and the super conservative who are prediction the overall cumulative appreciation of about six and a half percent.
So, the experts are anticipating a slow and steady normal appreciation of home prices over the next five years. It doesn’t look like home prices are going down any time soon, according to the experts. And if you’re wanting to sell, they are going up. But so is the house that you’re going to purchase.
Let’s not forget about interest rates and how they affect buying and selling. Other experts, like Fannie Mae, Freddie Mac, the Mortgage Brokers Association, and NAR, are predicting interest rates to slightly increase through quarter four.
So, remember, buyers and sellers, as interest rates increase, you need to think about how they affect what your mortgage payment will be, and also how many people will be able to qualify to purchase your home. Buyers, remember, as interest rates increase, so does your payment. Sellers need to be aware that the number of people who could actually qualify to buy your home actually goes down as interest rates increase.
So, there you have it. The housing market is looking good. As always, don’t hesitate to reach out to me with any real estate questions you may have.
I’m Leslie Bennett with Bennett Real Estate Company, keeping it simple and keeping it real.