Good News: Most Expect Real Estate Values to Pick Up

by Gary and Lisa Schoeffler on September 29, 2013

in Latest News

The real estate market has been less than friendly to most Americans over the past six years, but the latest recovery seems to be turning things around – at least in the minds of homeowners and investors.

According to the Financial Security Index survey conducted by Bankrate.com, a majority – 55% – of respondents said they anticipate a rise in home prices over the next year. Only 9% said they expect home values to go down, and 27% said prices will stay relatively the same.

That is a remarkable turnaround from popular sentiment just a couple of years ago, when home prices were still down and recovery seemed like a distant hope.

But a steadily-improving economy – marked by more jobs and a lower unemployment rate than since the recession began – and a gradual decrease in foreclosures across the country have led many to believe the current trend of rising home prices will continue for the foreseeable future.

And those who think rising home prices and increasing enthusiasm is a harbinger of what felled the market in 2007 can relax in knowing that prices are still depressed relative to their 2006 peak, and are roughly around the median home prices seen in early 2004.

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Post by Gary and Lisa Schoeffler

Gary and Lisa Schoeffler are Ventura Real Estate Professionals specializing in residential real estate. Their expertise in helping both buyers and sellers is widely recognized in Ventura County. How can they assist you today? Wondering what the market is like? Call them, they will be happy to talk with you about it. 805-320-4472

Gary and Lisa has written 371 articles.

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