CoreLogic Reports Home Values Might Decline In Some Areas In 2014
CoreLogic made the news once again this week when the company predicted that the appreciation of home values in some metro areas will start to decelerate beginning in 2014 because, ever increasing home prices and higher mortgage interest rates will continue to make homes less affordable thus decreasing demand and making supply a lot more balanced than it is right now.
Thanks to their data that they mined from the first quarter of this year, CoreLogic also predicts that more homeowners will start selling homes for the purpose of locking in their capital gains, especially homeowners who were once underwater in their mortgages.
CoreLogic’s analysis of close to 400 markets in the US also included data from the United States Federal Housing Finance Agency.
When drilling down into the report CoreLogic also shows gains of 10.2% in the nationwide housing market during the first quarter of 2013, compared to the first quarter of last year, this is the first double digit gain in home values that we’ve seen since the start of the housing bubble back in 2006.
What’s Happening In Bend?
Although there’s was an 10.2% increase in home values across the United States, during Q1 in 2013, in Bend home values have seen a larger increase of close to 20% compared to last year and an increase of 16.84% in 2012 compared to 2011 so it’s unlikely that home values in Bend will decline much, if at all since the Bend Oregon Real Estate market remains strong.
To learn more about the latest Real Estate News, or to view recently listed Bend Oregon homes for sale, contact me today by calling: (541) 383-1426.