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Kaylynn Kelley

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What Is the Likelihood That Home Values Sink?

I'm a mom, a wife, podcast junkie & Realtor. I help my clients go from overwhelmed by buying & selling at the same time to popping šŸ¾ and living their best life.

Hi! I"m Kaylynn.

With the current uncertainty about the economy triggered by a potential trade war, some people are waiting to purchase their first home or move-up to their dream house because they think or hope home prices will drop over the next few years. However, many experts disagree with this perspective.

Here are the predicted levels of appreciation from six major housing sources:What Is the Probability That Home Values Sink?| MyKCMAs you can see, every source believes home prices will continue to appreciate (albeit at lower levels than we have seen over the last several years). But, not one source is calling for residential real estate values to depreciate.

Additionally,Ā ARCH Mortgage Insurance CompanyĀ in their currentĀ Housing and Mortgage Market ReviewĀ revealed their latestĀ ARCH Risk Index, which estimates the probability of home prices being lower in two years. There was not one state that even had a moderate probability of home prices lowering. In fact, 34 of the 50 states had a minimal probability.What Is the Probability That Home Values Sink?| MyKCM

Bottom Line

Those waiting for prices to fall before purchasing a home should realize that the probability of that happening anytime soon is very low. With mortgage rates already at near historic lows, now may be the time to act.

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Resources
Buy & Sell at the same time 

Let's make your #housegoals a reality. 

Seattle & Surrounding communities

Kaylynn Kelley

For Agents