The Truth About Home Prices

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These days there is often a lot of discussion and speculation about which direction the real estate market is headed as we approach the beginning of the new year. Specifically many are guessing at what may happen with home loan rates, but also with where home prices are headed. This has made some buyers and sellers a bit unsure about what to do about their plans. Here is some more information about the subject.

According to a recent data release from Fannie Mae, 23% of Americans still feel that home prices will dip over the next year. But why would this group of people be thinking this will happen? A lot of this has to do with all of the headlines that people have read as well as general media coverage creating fear that a crash could be impeding similar to what we saw back in 2008.

For anyone who falls within the group of thinking prices will be falling, ask yourself which source you are going to follow. The general headlines or a trusted expert in the market? Here is some data that you can refer to. Experts in the industry will acknowledge that there was a dip in prices last year during Q3 and Q4 of 2022 but that was only very brief. Housing prices reverted to increasing during Q1 through Q3 of this year. Furthermore, it is not just Fannie Mae with these reports of data showing the strength of home prices. Zillow, NAR, AEI, HPES and MBA all predict appreciation with an average of 3.9% for the year of positive gain. Fannie Mae originally forecast 3.9% for their projected data but recently increased that to 6.7%.

Ultimately there has been a lot of misleading information or negative speculation for home prices over the past year. This lingering feeling is still having its impact on how buyers and sellers are making their purchase and selling plans. Consider this information as you discuss your plan with your local real estate professional for what is happening in your particular area.

Beth Dickerson

Boston, MA

Primary phone
(617) 510-8565
Email
[email protected]
Address
277 Dartmouth St. , 2nd Floor,
Boston, MA 02116

About The Author

One of Boston’s most reputable real estate brokers, Beth Dickerson has achieved more than $2 billion in sales and thousands of successful real estate transactions over her nearly thirty-year tenure. Beth has received national acclaim from the real estate industry and represents some of the most prestigious residents and properties across Massachusetts. Her enduring record as a top producer comes from the intuitive gift of sensing her clients’ needs. She has built a business that is referral-based at its core—a testament to her relationship-driven approach and penchant for exceeding expectations. It is this nuanced expertise that Beth leverages to guide many of her clients-turned-friends through some of the greatest milestones of their lives.

Beth was the proprietor of her own real estate company before joining the residential division of R. M. Bradley in 1993, where she was a top producer for more than a decade. In 2003, she founded her own boutique real estate firm, Dickerson Real Estate, before merging with Gibson Sotheby’s International Realty in 2007. Today, Beth attributes her success to her comprehensive marketing and advertising strategies, exclusive contact network, and unparalleled insight into neighborhoods like Back Bay, Beacon Hill, the South End and Waterfront. With an understanding that no two clients are alike, she works with clients in all phases of life—from first-time buyers to luxury developers, seasoned sellers and beyond. Beth offers clients the resources to aggressively market their property locally, nationally and globally, and her attention to detail, drive and enthusiasm are unmatched.

Beth has appeared in prestigious media outlets including The Wall Street Journal, Mansion Global, The Boston Globe, and Boston magazine, and was prominently featured as Greater Boston’s real estate expert on WCVB Chronicle in 2020. She has had the honor of serving as President of the Downtown Council of the Greater Boston Real Estate Board. For over ten years, she has been a Co-Chair and Committee Member for the Massachusetts General Pediatric Hospital for Children’s Storybook Ball. She serves as a Board Member of the Community Music Center of Boston and a member for the Perkins School for the Blind, Emerald Necklace Park Conservancy, Justine Liff Luncheon, Youth Villages and the Boys & Girls Club of Boston, among dozens of other organizations throughout the Boston area.

A long-time resident of Boston’s Back Bay, Beth was an active member of the community as she raised her two children: she served as treasurer of the Clarendon Street Playground and was an avid supporter of the Hill House Community Center.