« Return to Blogs

Projection Sees Major Housing Market Price Bounce Back

Projection Sees Major Housing Market Price Bounce Back

housing market | Home Listing | listings |listing your house | property search | listing | Real Estate ListingsWhen it comes to tracking the national housing market’s performance, CoreLogic is one of the industry’s top voices. They provide insights and trend projections based on “trillions of data points” to anyone interested in “housing economies and property markets” (that’s the dry-as-melba-toast description of their focus area).

From time to time I come across their blog (the one with the exciting title of—wait for it— “Insights”). It’s worth reading because their national data has a track record of providing a fairly accurate profile—one we can compare with our local Jupiter housing market trends. It should be of interest to any Jupiter homeowner since, as CoreLogic puts it, “this is information which is at the core of every smart decision.” Hard to argue with that.

At the end of September, they came up with a look at the housing market thus far in 2014, and a look into the future. The year’s history to date was pretty much what’s been reported and confirmed elsewhere. A quick summary:

  • Nationally, rates on 30-year fixed mortgages: steady at around 4.25%
  • Freddie Mac reports continuing refinancing decline [of course: most folks’ mortgage loans have great rates already, so why refi again?]
  • Existing home sales healthy & growth rate steady
  • “Pent-up supply and demand dynamics gripping the housing market…”

Hold it! What was that?

Pent-up? “Gripping”?

This was anything other than the staid, predictable language we expect from CoreLogic. I didn’t say boring (because blogger Mark Fleming is a good writer)—but fireworks are definitely not Insight’s hallmark. Sooooo… what’s with the drama? You had to read further to see what caused them to get all worked up:

--In a slow-moving housing market [like the Jupiter housing market, for instance], a major decline in prices can take 5 years, and the bounce back to prior levels another five years.

--Year-over-year, house price growth has been “consistently strong”

--The depth and duration of the current housing cycle is consistent with past local cycles

All of which leads to:

“Based on our forecast, nationally we may see prices return to the prior peak in as few as three years.”

In case your take on our Jupiter housing market is anything like as bullish a scenario as that one, today could be a strategic time to give me a call! Whether your own plans involve seizing the moment to buy or sell, the first step is to place an experienced Realtor® at the core of your team.

 

 

  

 

Questions, Comments or For more information you can email Christian Penner at TheMortgageTeam@ChristianPenner.com or visit us online at www.ChristianPenner.com or you can call us directly at: 561-316-6800

ChristianPenner.com
http://www.christianpenner.com/projection-sees-major-housing-market-price-bounce-back/
Projection Sees Major Housing Market Price Bounce Back


Or You can click "Call Me" below to call Christian Penner directly using Google Voice


blackwhite#ChristianPenner, #MortgageBrokerWestPalmBeach talks about #RealEstateWestPalmBeach. He also serves other Local Areas and provides home #MortgageSolutionsforPalmBeachGardens, #Jupiter, #BocaRaton, #Wellington and #Tequesta. #ChristianPennerMortgageBrokerJupiter has the #lowestmortgagerates and the best #homemortgage programs like; #Jumboloans, #FHAHomeLoans, #VAHomeLoans, #ReverseMortgageHomeLoans, #FreddieMacHomeLoans, #FannieMaeHomeLoans and #HARPMortgageLoans. #ChristianPennerMortgageBrokerPalmBeachGardens has Served the area for over 15 years with his #HomeLoanLending Needs and Works with #FEMBIMortgageinJupiter. You Can Also Find Him On fb mortgageFacebook at: http://Facebook.com/YourMortgageBanker

- - -

Christian Penner
250 Central Blvd #101, Jupiter, FL 33458
Phone: +1 (561) 316-6800
 

- - -

ChristianPenner.com
http://www.christianpenner.com/projection-sees-major-housing-market-price-bounce-back/
Projection Sees Major Housing Market Price Bounce Back

#HousingMarket
#NationalHousingMarket’s
#JupiterHousingMarket
#FixedMortgages
#MortgageLoans
#BuyOrSell

#ChristianPenner #MortgageBanker #mortgage #mortgagerates #mortgageloans #getpreapproved #westpalmbeach #wellington #westpalmbeachmortgagebroker #wellingtonmortgagebroker #loans #preapproval #westpalmbeachloans #palmbeachloans #browardloans #getamortgageloan #mortgagelender #mortgagelenders #browardcounty #palmbeachcounty #dadecounty #florida #realestate #westpalmbeachrealestate #wellingtonflorida #wellingtonfl #realestate Christian Penner #ChristianPenner Christian Penner Home Loan Company #ChristianPennerHomeLoanCompany Current Mortgage Rates #CurrentMortgageRates FHA loan #FHAloan FHA loans #FHAloans FHA Mortgage Financing Specialist #FHAMortgageFinancingSpecialist FHA Mortgage Lenders #FHAMortgageLenders FHA VA Financing Specialist #FHAVAFinancingSpecialist Harp Refinance #HarpRefinance Home Finance Mortgage #HomeFinanceMortgage Home Loan #HomeLoan Home Loan Company #HomeLoanCompany Home Mortgage #HomeMortgage Home Mortgage New #HomeMortgageNew Lenders Mortgage #LendersMortgage Mortgage #Mortgage Mortgage Banker #MortgageBanker Mortgage Banker West Palm Beach #MortgageBankerWestPalmBeach Mortgage Broker #MortgageBroker Mortgage Broker Florida #MortgageBrokerFlorida Mortgage Broker West Palm Beach #MortgageBrokerWestPalmBeach Mortgage Broker West Palm Beach #MortgageBrokerWestPalmBeach Mortgage Brokers #MortgageBrokers Mortgage Brokers West Palm Beach #MortgageBrokersWestPalmBeach Mortgage Companies #MortgageCompanies Mortgage Company #MortgageCompany Mortgage Lender West Palm Beach #MortgageLenderWestPalmBeach Mortgage Lender West Palm Beach #MortgageLenderWestPalmBeach Mortgage Lenders #MortgageLenders Mortgage Loan Lender #MortgageLoanLender Mortgage Loan Lenders #MortgageLoanLenders Mortgage Loans #MortgageLoans Mortgage Rate #MortgageRate Mortgage West #MortgageWest Palm Beach Mortgage Broker #PalmBeachMortgageBroker Palm Beach Mortgage Broker #PalmBeachMortgageBroker Palm Beach Mortgage Company #PalmBeachMortgageCompany Real Estate #RealEstate Real Estate #RealEstate Real Estate Home #RealEstateHome Real Estate Home #RealEstateHome Real Estate West Palm Beach #RealEstateWestPalmBeach Realtor #Realtor Realtor West Palm Beach #RealtorWestPalmBeach Refinance #Refinance Refinance A Mortgage #RefinanceAMortgage Refinance Home Loans #RefinanceHomeLoans Refinance Mortgage Lenders #RefinanceMortgageLenders VA Financing Specialist #VAFinancingSpecialist VA Home Loan Expert #VAHomeLoanExpert VA Home Loans #VAHomeLoans