Home Value Appreciation Stops falling now starting to stabilize

by DARCY KLOVANISH 04/12/2019

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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 Stable is the key

About the Author
Author

DARCY KLOVANISH

Hi, I'm DARCY KLOVANISH and I'd love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. I'd be honored to put my real estate experience to work for you. I study the market closely and keep tabs on which homes sell and which don't. I pride myself in taking an honest consultative approach.

I have been in real estate since 2005 and really enjoy what I do. I have worked for several companies the large franchise such as Remax and Keller Williams back in 2005. I gained numerous experience in selling houses and working with buyer's. I have sold a variety of property from residential, condos, lots. I did many short sales, distressed properties, fixer upper's, probate's. I have achieved certifications in staging, probate, and designated for
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