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Home Prices Predicted To Rise Nearly 5% By January 2019

According to the most recent CoreLogic Home Price Insights Report, housing prices across the nation are expected to rise a total of 4.8% between January 2018 and January 2019. While that’s not as high as the 6.6% growth the market saw between January 2017 and January 2018, it’s still substantial. According to CoreLogic’s predictions, a home that was listed for $350,000 last January will cost you $366,800 in January 2019—a change of $16,800 in just 12 months.

And not only are homes getting more expensive, but so are mortgages; according to a recent report from Freddie Mac, mortgage interest rates are predicted to rise a full percentage point by the end of the year (from 3.9% for a 30-yr fixed-rate mortgage at the end of 2017 to 4.9% by the end of 2018).

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