BERKSHIRE HATHAWAY HOMESERVICES COLORADO PROPERTIES The Average Days on Market in Montrose has increased over 20% compared to last year. If you'd like more information about the value of your home. give us a call today. 20% THE BRIDGES $629.850 2916 Sleeping Bear Drive 3 Beds Baths 11,997 sq ft Don Bailey, 970 209 6557 DOES IT MAKE SENSE TO BUY A HOME RIGHT NOW? Thinking about buying a home? it so, you're probably wondering should buy now or wait? Nobody can make that decision for you but here's some information that can help you decide WHAT'S NEXT FOR HOME PRICES? Each quarter. Fannie Mae and Pulsenomics publish the results of the Home Price Expectations Survey (PES): tasks more than 100 experts-economists, real estate professionals and investment and market strategists- what they think will happen with home prices in the latest survey, those experts say home prices are going to keep going up for the next five years [see graph below) Estimated Home Price Performance December December, as forecast in 2024 3.78% 3.36% 3.87% 4.18% 4.11% this if these experts are right and your home's value goes up by 3.78% this year. it's set to grow another 336% next year And another 3.87% the year after that WHAT DOES THIS MEAN FOR YOU? Knowing that prices are forecasted to keep going up should make you feel good about buying a home That's because it means your home is an asset that's projected to grow in value in the years and you're not convinced yet, maybe these numbers will get your attention. They show how a typical home's value could change over the next few years using expert projections from the HPES Check out the graph below $83,385 2024 2025 2026 2027 2028 Here's what all the cabernet on this chart should tel you. They're not expecting any price decines instead they're saying we see a 3-se each year And even though home prices aren't expected to climb by as much in 2025 as they are 2024 keep in mind these increases can really add up over time it works like 2024 2025 2026 2027 2028 2029 In this example, magne you bought a home for $400.000 at the start of this year. Based on these projections you could end up gaining over $83,000 in household wealth over the next five years as your home grows in value Of course, you could also wait but if you do buying a home is just going to end up costing you more BOTTOM LINE If you're thinking it's time to get your own place, and you're ready and able to do so, buying now might make sense. Your home is expected to keep getting more valuable as prices go up. Let's team up to start looking for your next home today. bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond! 11 Offices and over 160 real estate brokers Call one of our trusted real estate brokers Trena Unrein, Brian Unrein, Autumn Barrett, Don Bailey, Jeff Kehfuss, Kree Christie, Linda Stel, Makaya Cervone, Michael Scott Dosch, Heidi Lutz, Mend Sepah, and Donna Justin BERKSHIRE HATHAWAY HOMESERVICES COLORADO PROPERTIES The Average Days on Market in Montrose has increased over 20 % compared to last year . If you'd like more information about the value of your home . give us a call today . 20 % THE BRIDGES $ 629.850 2916 Sleeping Bear Drive 3 Beds Baths 11,997 sq ft Don Bailey , 970 209 6557 DOES IT MAKE SENSE TO BUY A HOME RIGHT NOW ? Thinking about buying a home ? it so , you're probably wondering should buy now or wait ? Nobody can make that decision for you but here's some information that can help you decide WHAT'S NEXT FOR HOME PRICES ? Each quarter . Fannie Mae and Pulsenomics publish the results of the Home Price Expectations Survey ( PES ) : tasks more than 100 experts - economists , real estate professionals and investment and market strategists- what they think will happen with home prices in the latest survey , those experts say home prices are going to keep going up for the next five years [ see graph below ) Estimated Home Price Performance December December , as forecast in 2024 3.78 % 3.36 % 3.87 % 4.18 % 4.11 % this if these experts are right and your home's value goes up by 3.78 % this year . it's set to grow another 336 % next year And another 3.87 % the year after that WHAT DOES THIS MEAN FOR YOU ? Knowing that prices are forecasted to keep going up should make you feel good about buying a home That's because it means your home is an asset that's projected to grow in value in the years and you're not convinced yet , maybe these numbers will get your attention . They show how a typical home's value could change over the next few years using expert projections from the HPES Check out the graph below $ 83,385 2024 2025 2026 2027 2028 Here's what all the cabernet on this chart should tel you . They're not expecting any price decines instead they're saying we see a 3 - se each year And even though home prices aren't expected to climb by as much in 2025 as they are 2024 keep in mind these increases can really add up over time it works like 2024 2025 2026 2027 2028 2029 In this example , magne you bought a home for $ 400.000 at the start of this year . Based on these projections you could end up gaining over $ 83,000 in household wealth over the next five years as your home grows in value Of course , you could also wait but if you do buying a home is just going to end up costing you more BOTTOM LINE If you're thinking it's time to get your own place , and you're ready and able to do so , buying now might make sense . Your home is expected to keep getting more valuable as prices go up . Let's team up to start looking for your next home today . bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond ! 11 Offices and over 160 real estate brokers Call one of our trusted real estate brokers Trena Unrein , Brian Unrein , Autumn Barrett , Don Bailey , Jeff Kehfuss , Kree Christie , Linda Stel , Makaya Cervone , Michael Scott Dosch , Heidi Lutz , Mend Sepah , and Donna Justin