At the start of the year, industry forecasts pointed to house price appreciation slowing to around half the double-digit increase we saw last year.

The idea was that stock would rise from historically low levels and the bidding war would end.

This scramble for real estate was one of the major factors that helped push up real estate prices over the last twelve months.

However, this increase in stock has not yet materialized. A National Association of Realtors (NAR) reports that there are currently 410,000 fewer single homes available for sale than in the previous year. that there was last year.

This has forced those who made forecasts of appreciation last January to change their projections. A Mortgage Bankers Association, a Fannie Mae, o Freddie Mac, a National Association of Realtorsand Zelman & Associates adjusted their figures upwards after analyzing the real estate data for the first quarter. Here are their original forecasts and their recently updated projections:

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Even with the increases, the updated projections still don't reach the valuation levels above 10% of 2020.

However, a jump in the average projection from 5.3% to 7.7% after just one quarter is substantial. The demand will remain strong, therefore, future appreciation will be determined by how quickly the stock of houses for sale increases.

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[mpc_alert font_color="#ffffff" background_color="#2eabbf" padding_divider="true" padding_css="padding-left:20px;"]House Price Expectations Survey: Click Here To Read[/mpc_alert]


[mpc_alert preset="mpc_preset_21" disable_icon="true" icon="ti ti-face-smile" icon_color="#f8bf4d" icon_size="28" icon_background_color="#f3f3f3" icon_border_css="border-color:#f8bf4d;border-style:solid;border-radius:0px;" font_preset="mpc_preset_13" font_color="#5555" font_size="18" font_transform="uppercase" font_align="left" content_border_divider="true" content_border_css="border-top:0px;border-right:0px;border-bottom:0px;border-left:0px;border-color:#88d282;border-style:solid;border-radius:0px;" content_padding_divider="true" content_padding_css="padding-top:25px;padding-right:25px;padding-bottom:25px;padding-left:25px;" background_color="#f7f7" border_divider="true" border_css="border-top:5px;border-right:0px;border-bottom:0px;border-left:0px;border-color:#f8bf4d;border-style:double;border-radius:0px;" padding_divider="true" margin_divider="true" margin_css="margin-bottom:30px;" mpc_ribbon__disable="true"]At the start of 2021, there was some speculation that we could see price appreciation slow dramatically this year. Today, experts believe that won't be the case. House values will remain strong throughout the year.[/mpc_alert]

Any doubts?

Now that you've understood that the market is very hot and will continue to be under pressure, this can generate gains for those who invest. We can help you understand the behavior of the real estate market so that you can consider investing in vacation homes in Orlando. To take advantage of all the tips we've given you and go even deeper, you can talk directly to our relationship agents. They are always happy to talk to you to answer any questions you may have about investing in Florida.

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