Home Values Sitting Pretty

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Mortgage and Lending with Mortgages in AZ, CA, CO, DE, FL, GA, MD, MT, NC, NJ, NV, OK, OR, PA, SC, TN, TX, UT, VA NMLS #138061 MMCD #1141

Home Values Sitting Pretty

 

Home values continue to rise!  Despite the media largely being negative on housing for years, home values continue to buck the narrative and continue to climb, building immense wealth for buyers and adding to the financial securty of home owners around the country.

While home value growth is beneficial for home owners, the rates of growth we've seen the past 2 years are so high they're unhealthy as they have priced some people out of their local markets.  In a healthy environments, home prices rise at a sustainable level to benefit home owners while keeping the market flush with buyer and seller equilibrium.  This month, home price appreciation has showed a slow down for the first time in a very long time.  This is great news, because appreciation is still moving on up and helping those who own homes, but shows at least a hint of normalizing.  While the "Dip" in appreciation (remember, slowing appreciation means home values are still climbing, just at a slower pace!) is pretty small, it's a good sign that things may be heading toward a healthier market.

 

Due to supply and demand imbalance, home estimates are expected to continue to climb throughout 2022, but a more moderate pace would allow more buyers to enter the market and still allow sellers to capitalize on their gains.

 

You can see in the graphic on this post that appreciation rates are split by region of the US with the Pacific and Mountain regions leading the way with more moderate gains across the rest of the US.  It's important to note it also shows the month over month gains AND the year over year gains.

 

It's still a wonderful time to buy a home with prices rising, slightly more inventory coming to market, and appreciation expected to continue in the 10%+ range for another year through 2022 (that means buying a $500K home, the estimates call for an increase of value of ~$50K!).  

 

Curious what home values will do in your market?  Sign up for our FREE Homebot market tool here if you're a home owner 

If you're a potential buyer wanting local market data, you can sign up here!

 

Posted by

John Meussner
NMLS ID #138061

It's more than a house - it's home.  So we offer a wide range of mortgage products at competitive prices to help our clients achieve financial security at home.  While we get great feedback on our prices and products, many clients say their favorite part of working with John Meussner & MasonMac is the level of service provided along the way.

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Comments (2)

Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

Oct 30, 2021 02:30 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi John - I guess I don't listen to the media.  They turn everything negative.  Owning real estate is a great investment!

Oct 30, 2021 04:21 AM