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Are Housing Prices Going to Continue Going Up in Lewis County, WA?

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Are housing prices going to keep going up? What are experts saying about the forecast?

Forecasts from Fannie Mae, Freddie Mac and the Mortgage Bankers Association and other experts all project an average of 6.8% appreciation this year and expect that to continue on through 2022. Forecasters are also projecting that we are going to sell more homes this year than we sold last year.

Last year according to them we sold 6.7 Million homes and this year we are projected to sell 7.5 million homes.  I know it can be scary after what happened in 2008 with the housing crash to know what to do.  Should I sell now and capitalize on these high home prices?  Should I buy right now with bidding wars and prices being driven up so high? 

Obviously, I can’t answer that question for you, so I feel providing information about projections from the experts in the field may offer some clarity as to what to do.  We’re always here to help with any of your real estate questions, so give us a call and we can talk it out.

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