We are entering the last quarter of the year and analysis experts have already begun to make their projections. All analysts come to the same conclusion: house prices will continue to increase but perhaps at a slower pace.

In the last two years, 2021 and 2022,  Property prices have increased at a dizzying rate, leaving many buyers and investors wondering if they can afford it. It is a good time to buy a property, since many news outlets have spread rumors that housing prices will reach a point in which prices will begin to decrease, however, what the large agencies predict Data analysis suggests the opposite.

In the last two decades, there has been an increase of approximately 4% in property values ​​annually and by next year 2023, projections suggest a similar increase. ; It is foreseen by 5 of the 6 Big Real Estate Data Analysis Agencies in the United States. Below we will show a graph detailing the percentage increases in housing prices predicted for the following year:

It must be taken into account that to make these projections we take into account  the supply and demand of properties. Currently there is a great demand from first-time buyers and foreign investors who are increasingly looking for American soil to secure their assets and the real estate market in the United States offers that possibility.

It must also be taken into account that mortgage rates are currently at a historically low rate. Despite the increases that the FED has made to combat inflation, it is still affordable to buy a property with financing.

Yes You are a potential buyer or investor and you are If you are waiting for prices to go down to buy, perhaps you are making a bad decision. There are people who are waiting for prices to drop since 2019 and they have not done so. On the contrary, the forecasts indicate that the more time passes, the more prices and even mortgage rates will increase, as well as which is a battle against the clock.

There are still many benefits and incentives for buyers and investors, the smartest thing you can do is seek advice from a professional team that Help you discover the opportunities you have in today's real estate market.