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Follow on Google News | Appreciation Is Strong In Macomb County Michigan: But, It Might Be Time to SellBy: Rick Giese RE/MAX First Home values have been appreciating for several years now, growing at a strong, steady, and impressive pace. In fact, the average annual appreciation rate since 2012 has nearly doubled the average rate from the more normal market of the 1990s (think: pre-bubble).Appreciation, however, is projected to shift back toward normal, meaning home prices will likely keep climbing over the next few years, but they are not projected to continue to increase at such a high rate. Here's What That Means for Homeowners: As noted in the latest (HPES) Bottom Line If you're thinking about selling your house, now is a great time to make your move. Don't get stuck waiting until projected home price appreciation rates potentially re-accelerate again in 2023. You'll likely earn the greatest return on your investment by selling now before the prices start to normalize next year. If you are living in a house or condo that no longer fits your needs, at least consider checking out other homes in your area that would meet your lifestyle needs before taking on the cost and hassle of remodeling your current house. Call or text Rick Giese associate broker RE/MAX First 586.242.3100 Enter your home address here to find out what your home is currently worth at Visit: https://www.searchallproperties.com: End
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