Mid-Year 2023 - Price Reports show the Appreciation Rate on Homes Going Up
New home reports from Case-Shiller, FHFA, CoreLogic, Black Knight, and Zillow, all show home prices going up significantly. While this probably won't happen, it shows them going up if we annualize these numbers, we would see a 12% appreciation in 2023!
Factors kind of making this a big deal are:
- A lot of people are not wanting to give up their low-interest rate, so are not buying homes. So demand is not nearly as high as it could be.
- Rates look to be improving and once they come down, more people will be competing for a fairly limited supply of homes on the market in St George and this will keep homes rising at a steady pace.
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