What is Really Happening with Home Prices?
Brent Wells May 18, 2019
Brent Wells May 18, 2019
Home values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could fall to 3% or less this year.
However, a stronger-than-expected economy and a good spring housing market have changed some opinions. Some analysts are now predicting that home value appreciation may begin to increase as we move forward.
“Data on the movement of unadjusted house prices during the early spring home-buying season won’t be available for a few more months, but it’s quite likely that price appreciation will accelerate again.”
“Home prices nationwide, including distressed sales, increased year over year by 3.7% in March 2019 compared with March 2018. The CoreLogic HPI Forecast indicates that home prices will increase by 4.8% on a year-over-year basis from March 2019 to March 2020.”
Price appreciation has slowed over the past year. However, a strong economy and a good housing market have many experts thinking that home values might re-accelerate moderately throughout the rest of this year.
Stay up to date on the latest real estate trends.
If you're not already familiar with the Celina story, the numbers speak for themselves.
EV-Ready Living. Light Farms offers electric car charging stations within the community.
Buying a new construction home is a fundamentally different process than buying a resale property.
You’re clearing multiple rooms, a garage, attic, shed, or light remodel debris.
You find yourself only using part of the house while the rest collects dust.
Keeping the same flooring throughout the main living areas helps create a smooth, cohesive flow.
Overpricing, even by a little, can cause a listing to sit stale — which often leads to price drops.
Every week I am visiting with many new homes sales associates and I am hearing a consistent story.
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