{"id":10690,"date":"2021-11-16T17:39:33","date_gmt":"2021-11-16T17:39:33","guid":{"rendered":"https:\/\/elizabethjebef.com\/?p=10690"},"modified":"2021-11-16T17:39:35","modified_gmt":"2021-11-16T17:39:35","slug":"whats-happening-with-home-prices","status":"publish","type":"post","link":"https:\/\/elizabethjebef.com\/?p=10690","title":{"rendered":"What\u2019s Happening with Home Prices?"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Many people have questions about home prices right now.&nbsp;<em>How much have prices risen over the past 12 months? What\u2019s happening with home values right now? What\u2019s projected for next year?<\/em>&nbsp;Here\u2019s a look at the answers to all three of these questions.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>How much have home values appreciated over the last 12 months?<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">According to the latest\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.corelogic.com\/intelligence\/u-s-home-price-insights\/\" target=\"_blank\"><em>Home Price Index<\/em><\/a>\u00a0from\u00a0<em>CoreLogic<\/em>, home values have increased by 18.1% compared to this time last year. Additionally, prices have gone up at an accelerated pace for each of the last eight months.  The increase in the rate of appreciation coincides with data from the other two main home price indices: the\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.fhfa.gov\/AboutUs\/Reports\/ReportDocuments\/FHFA-HPI-Monthly-10262021.pdf\" target=\"_blank\"><em>FHFA Home Price Index<\/em><\/a>\u00a0and the\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.spglobal.com\/spdji\/en\/documents\/indexnews\/announcements\/20211026-1444567\/1444567_cshomeprice-release-1026.pdf\" target=\"_blank\"><em>S&amp;P Case Shiller Index<\/em><\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The last year has shown tremendous home price appreciation, which is resulting in a major gain in wealth for homeowners through rising&nbsp;<a href=\"https:\/\/www.simplifyingthemarket.com\/2021\/10\/22\/your-home-equity-is-growing-infographic\/?a=610978-203cf30af1e15a5de8a63d55ab30d1b4\">equity<\/a>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>What\u2019s happening with home prices right now?<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">All three indices mentioned above also show that while appreciation is in the high double digits right now, that price acceleration is beginning to level off.  Year-over-year appreciation is still close to 20%, but it\u2019s clearly plateauing at that rate. Many experts believe it will drop below 15% by the end of the year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Keep in mind,&nbsp;<strong>that doesn\u2019t mean home values will depreciate<\/strong>. It means the rate of appreciation will slow, yet stay well above the 25-year average of 5.1%.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>What about next year?<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">While the projected rate of appreciation varies among the experts, due to things like supply chain challenges, virus variants, and more, it appears clear that home values will continue to appreciate next year.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>16 November 2021 ~ Many people have questions about home prices right now.\u00a0How much have prices risen over the past 12 months? What\u2019s happening with home values right now? What\u2019s projected for next year?\u00a0Here\u2019s a look at the answers to all three of these questions.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[225,220,217,87],"tags":[236,231,232,229],"class_list":["post-10690","post","type-post","status-publish","format-standard","hentry","category-home-buyers","category-homeowners","category-sellers","category-trends","tag-home-buyers","tag-home-values","tag-housing-market","tag-selling-your-home"],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"elizabethjebef","author_link":"https:\/\/elizabethjebef.com\/?author=2"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/elizabethjebef.com\/index.php?rest_route=\/wp\/v2\/posts\/10690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/elizabethjebef.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/elizabethjebef.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/elizabethjebef.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/elizabethjebef.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10690"}],"version-history":[{"count":0,"href":"https:\/\/elizabethjebef.com\/index.php?rest_route=\/wp\/v2\/posts\/10690\/revisions"}],"wp:attachment":[{"href":"https:\/\/elizabethjebef.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/elizabethjebef.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elizabethjebef.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}