Home Value Appreciation Stops Falling Begins To Stabilize

Dated: 05/07/2019

Views: 72

Home Value Appreciation Stops Falling, Begins to Stabilize

Home Value Appreciation Stops Falling, Begins to Stabilize | MyKCM

The percentage of home price appreciation on a year-over-year basis has decreased each month for over a year. The question was how far annual appreciation would fall. It seems we may now have the answer.

In a recent post on the National Association of Realtors’ Economists’ Outlook Blog, it was revealed that Realtors are starting to sense that home values are beginning to stabilize and that we may see appreciation beginning to accelerate again:

“About 3,000 REALTORS® who responded to NAR’s February 2019 REALTORS Confidence Index Survey had more optimistic— although modest— home price growth expectations over the next 12 months. Respondents expect home prices to typically increase by 1.9 percent nationally, up from 1.4 percent in the January survey.”

The thinking that home appreciation has bottomed-out was also confirmed in two additional housing reports recently released:

CoreLogic Home Price Index – The analysts at CoreLogic increased their projection for home appreciation for the next twelve months to 4.7% as compared to the 4.6% they projected in their previous report.

The Home Price Expectation Survey – In the 2019 first quarter survey, the nationwide panel of over one hundred economists, real estate experts, and investment & market strategists increased their projection for home value growth in 2019 to 4.3% compared to the 3.8% increase they had projected in the fourth quarter of 2018.

Bottom Line

Agents working the business every day, one of the premier data companies in the real estate space, and one hundred housing experts all agree: home price appreciation has ended its decline and looks to be stabilizing… and may even accelerate.

Blog author image

Joanne Mills

Joanne Mills is the Broker Owner of Exit Family Realty in Lindenhurst, NY. Joanne’s has created of brokerage of highly motivated, professional associates making a powerful, positive impact on client....

Latest Blog Posts

Mid Year Housing Market Update Three Things To Know Today

Mid-Year Housing Market Update: Three Things to Know TodayShifting trends and industry-leading research are pointing toward some valuable projections about the status of the housing market for the

Read More

3 Powerful Reasons To Buy A Home Now

3 Powerful Reasons to Buy a Home NowWhether you are a first-time buyer or looking to move up to the home of your dreams, now is a great time to purchase a home. Here are three major reasons to buy

Read More

Comprar

UNA VEZ MAS USTED NO NECESITA EL 20% DE PAGO INICIAL PARA LA COMPRA?               -CONOCES EL COSTO DE ESPERAR PARA COMPRAR?QUE ESPERA DE LA INSPECION DE SU

Read More

Home Prices

Home Prices Up 5.05% Across the Country [INFOGRAPHIC]Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index 

Read More