5 Reasons Today's Housing Market Is Anything but Normal There are many headlines out there that claim we’re reverting to a more normal real estate market. Here’s the definition of normal from the Merriam-Webster Dictionary: “conforming to a type, standard, or regular pattern: characterized by that which is considered usual, typical, or routine.” Using this definition, here are five housing industry metrics that prove we’re nowhere near normal. >>Mortgage Rates Today, the average mortgage rate stands at 2.87%, which is very close to the historic low. Currently, mortgage rates are anything but usual, typical, or routine. >>Home Price Appreciation According to Black Knight, the average annual appreciation on residential real estate prices since 1995 has been 4.14%. According to the latest forecast from NAR, home price appreciation will hit 14.1% this year. Currently, home price appreciation is anything but... #Bgroup #Prescott #Realtor #Homes #Smart
Brad Bergamini
5 Reasons Today's Housing Market Is Anything but Normal There are many headlines out there that claim we’re reverting to a more normal real estate market. Here’s the definition of normal from the Merriam-Webster Dictionary: “conforming to a type, standard, or regular pattern: characterized by that which is considered usual, typical, or routine.” Using this definition, here are five housing industry metrics that prove we’re nowhere near normal. >>Mortgage Rates Today, the average mortgage rate stands at 2.87%, which is very close to the historic low. Currently, mortgage rates are anything but usual, typical, or routine. >>Home Price Appreciation According to Black Knight, the average annual appreciation on residential real estate prices since 1995 has been 4.14%. According to the latest forecast from NAR, home price appreciation will hit 14.1% this year. Currently, home price appreciation is anything but... #Bgroup #Prescott #Realtor #Homes #Smart - 928-227-8575
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