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But being forewarned is forearmed.
But its also a good projection of increases in rental prices for the coming year.
For example, the New York HUD Metro FMR area will show a 6.3% decrease in 2025.
Projected Home Value Appreciation
Home value appreciation can work two ways for retirees.
For 2025, experts anticipate more modest pricing gains than in 2024, with some markets actually declining.
The Mortgage Bankers Association sees homes rising somewhere in the middle, up about 2.7% in 2025.
While theSocial Security COLAcan help mitigate this increase, housing costs will often exceed the amount of the COLA.
There are a few ways seniors can handle this situation and still keep their retirement budget intact.
The absolute best way, of course, is to own a home outright with no remaining mortgage.
In that scenario, a fixed-rate mortgage is the best way to avoidannual payment increases.
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