What is Really Happening with Home Prices?

Dated: May 16 2019

Views: 3

Home values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could fall to 3% or less this year.

However, a stronger-than-expected economy and a good spring housing market have changed some opinions. Some analysts are now predicting that home value appreciation may begin to increase as we move forward.

Here are three examples:

Mark Fleming, Chief Economist of First American

“Data on the movement of unadjusted house prices during the early spring home-buying season won’t be available for a few more months, but it’s quite likely that price appreciation will accelerate again.”

CoreLogic’s April “Home Price Insights

“Home prices nationwide, including distressed sales, increased year over year by 3.7% in March 2019 compared with March 2018…The CoreLogic HPI Forecast indicates that home prices will increase by 4.8% on a year-over-year basis from March 2019 to March 2020.”

Pulsenomics’ Quarterly “Home Price Expectation Survey”

  • The 2018 4th Quarter survey called for 3.8% appreciation for 2019.
  • The 2019 1st Quarter survey raised the appreciation projection for this year to 4.3%.

Bottom Line

Price appreciation has slowed over the past year. However, a strong economy and a good housing market have many experts thinking that home values might re-accelerate moderately throughout the rest of this year.

Blog author image

Kathleen Comerford

Let The Comerford Group Be Your Key to Your Real Estate Success! I am a Broker and REALTOR, connecting buyers and sellers around the world. The Comerford Group is able to provide customers with excep....

Latest Blog Posts

Your 2021 Guide to Celebrating St. Patrick's Day in Sarasota & Bradenton

St Patrick's Day 2021 in Bradenton & Sarasota has a lot to offer for the week. There are several parades, concerts, and events going on in the Bradenton & Sarasota area.;

Read More

St. Patrick's Day treats are as satisfying as they are festive

St. Patrick's Day is finally here — which means it's time to cook up a delicious Irish feast! Sure, any green food can pass as festive on March 17, but how could a St. Paddy's

Read More

Relax & Breathe Deep with Outdoor Yoga

In the days of social distancing, you can still find plenty of ways to play in our beautiful and sunny region. Below you'll find a list of outdoor yoga venues to melt away the stress and enjoy the

Read More

Strawberries are in Season in Florida - Make February Berry Sweet

Looking for a sweet treat to make your holiday special? We've put together a berry sweet list for you to try. February is a great month to load up on strawberries! Check out the seasonal food guide

Read More