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.

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    Alan Harling

    I relocated to Colorado from Illinois where I built a successful career in real estate representing both buyers and sellers. My success was based on building a relationship of trust and understanding with my clients, utilizing data to support actions, and implementing problem solving skills throughout the contract-to-closing process – all of which you can expect me to continue as I launch my business in Colorado. Experience as a certified Project Management Professional laid the foundation for my organization and management skills which carry over into my real estate business. Personal experience as a collegiate athlete and coach contribute to my competitive spirit. In my free time, I enjoy exploring hiking trails, spending time with my husband and three sons, and spoiling our dog Lilly.

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