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GC Living

Greene County Lifestyle and Real Estate

Home Prices

Home Prices: Buying a Home Is Still Affordable

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Buying a Home Is Still Affordable The last year has put emphasis on the importance of one’s home and overall home prices. As a result, some renters are making the jump into homeownership while some homeowners are re-evaluating their current house and considering a move to one that better fits their current lifestyle. Understanding how housing affordability works and the main market factors Continue Reading about Home Prices: Buying a Home Is Still Affordable

Experts Say Home Prices Will Continue to Appreciate

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Experts Say Home Prices Will Continue to Appreciate It’s clear that consumers are concerned about how quickly home prices and home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?” has actually spiked 2450% over the past month. In addition, Jim Continue Reading about Experts Say Home Prices Will Continue to Appreciate

Is Home Price Appreciation Accelerating Again?

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Is Home Price Appreciation Accelerating Again? At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that Continue Reading about Is Home Price Appreciation Accelerating Again?

Home Prices: What Happened in 2020? What Will Happen This Year?

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Home Prices: What Happened in 2020? What Will Happen This Year? The real estate market was on fire during the second half of 2020. Buyer demand was way up, and the supply of homes available for sale hit record lows. The price of anything is determined by the supply and demand ratio, so home prices skyrocketed last year. Dr. Lynn Fisher, Deputy Director of the Federal Housing Continue Reading about Home Prices: What Happened in 2020? What Will Happen This Year?