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Home Prices

What Are the Experts Saying About Future Home Prices?

June 24, 2020 by bobelliot

A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices has become extremely difficult. Normally, there’s a simple formula to determine the future price of any Read More

Posted in Home Prices Tagged economy, housing reports

Home Prices: It’s All About Supply and Demand

June 2, 2020 by bobelliot

As we enter the summer months and work through the challenges associated with the current health crisis, many are wondering what impact the economic slowdown will have on home prices. Looking at the big picture, supply and demand will give us the clearest idea of what’s to come. Making our Read More

Posted in Home Prices Tagged real estate, supply and demand

Will Home Values Appreciate or Depreciate in 2020?

May 12, 2020 by bobelliot

With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item. Each month the National Association Read More

Posted in Home Prices Tagged home prices, market trends, mraket trends

Forget the Price of the Home. The Cost is What Matters.

November 11, 2019November 11, 2019 by bobelliot

Forget the Price of the Home. The Cost is What Matters. Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward. As an example, Read More

Posted in Home Buying, Home Prices

What Will Home Prices Look Like Over the Next Few Years?

September 23, 2019September 23, 2019 by bobelliot
Posted in Home Prices

Boom Or Bubble? – Home Prices Hit Record Highs Across America

August 21, 2019August 26, 2019 by bobelliot

The rapidly rising home prices currently found in many parts of the United States make it seem like the Great Recession of 2008 never happened. It took approximately eight years for home prices to recover the values that were equivalent to those they had before the recession. After reaching this Read More

Posted in Home Prices Tagged home prices

Case-Shiller: Home Prices Growth Slows in March

August 1, 2019August 26, 2019 by bobelliot

Home price growth slowed again in May according to Case-Shiller home price indices. Home price growth slowed for the 14th consecutive month to its lowest rate in 12 years. Case-Shiller’s National Home Price Index showed 3.40 percent growth year-over-year in May as compared to April’s year-over-year reading of 3.50 percent. Read More

Posted in Home Prices

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Bob Elliot
eXp Realty
612.868.5500
bob@mnresteam.com
7700 France Ave S, Edina, MN
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