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Showing posts with the label home appreciation

Home Price Appreciation Is Skyrocketing in 2021. What About 2022?

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  David Deem 714-997-3486 Dave@DeemTeam.com One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year. Here are the latest percentages showing the year-over-year increase in home price appreciation: The  House Price Index (HPI)  from the  Federal Housing Finance Agency  (FHFA): 18.8% The  S. National Home Price Index  from  S&P Case-Shiller : 18.6% The  Home Price Insights Report  from  CoreLogic : 18% The dramatic increases are seen at every price point and in all regions of the country. Increases Are Across Every Price Point According to the latest  Home Price Index  from  CoreLogic , each price range is seeing at least a 19% increase year-over-year: Increases Are Across Every Region in the Country Every region in the country is experi...

Sellers: Make Today’s Home Price Appreciation Work for You

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David Deem 714-997-3486 Dave@DeemTeam.com Home prices continue to rise as we move through the summer, and that’s good news for sellers who are looking to maximize their home’s potential. If you’re on the fence about whether to list your house now or later, the question you should really ask is: will this price appreciation last? Here’s what three leading industry experts have to say about what lies ahead: Lawrence Yun,  Chief Economist,  National Association of Realtors  (NAR): “At a broad level,  home prices are in no danger of a decline  due to tight inventory conditions,  but I do expect   prices to appreciate at a slower pace by the end of the year .” Selma Hepp , Deputy Chief Economist,  CoreLogic : “The imbalance between robust demand and dismal availability of for-sale homes has led to a continual bidding over asking prices, which reached record levels in recent months . . . . Nevertheless, with more new listings and new home cons...