How long is the appreciation rates in the Fredericksburg TX housing market expected last?
That’s a question I’ve been asked quite a bit in the last year. I usually tell people that my crystal ball is in the shop, but that all indications are that the Fredericksburg Real Estate market will remain strong for quite some time.
Demand continues to stay high which is always the first ingredient needed for growth in any recipe. Combine that with interest rates that continue to stay at historic lows and then throw in a pinch of shrinking inventory and you got the recipe for strong appreciation rates to continue in Gillespie County. So my opinion is the bull market in Fredericksburg housing is expected to last quite some time!
Experts predicting a 5.5% appreciation in housing in the next year
This morning I saw a great clip from one of my favorite forecasters, Barry Habib at MBS highway , talking about the national Real Estate market. MBS highways a great source of information and they are right on the money much more often than they are wrong. They are predicting a 5.5% appreciation in housing in the next year! The millennial market is not a huge factor in Fredericksburg itself but it is always interesting to read different publications. One states that millennial’s do not want to own but want to rent while the next article will be contradictory. I think Barry makes a great point about the millennial market. Basically it seems like the millennial’s waiting a little longer do anything such as get married, have a kid , etc….. so it only makes sense that they would take them a little longer to get into the housing market. So once this group to starts buying homes the inventory will shrink even more dramatically than it is today across the nation. This indicates that the housing market should remain strong for years to come.