Yes. And it will always be that way. For the rest of ever. If you’re interested in the details of the current trend, read on reader…
Home values have been appreciating at 6-7% over the previous few years, but that rate has slowed a bit to around 4%. Some in the industry have said home value could drop to a 3% rate or even lower in 2019.
But there is a solid economy cranking right now! Other experts in the real estate industry are now saying the value appreciation rate may actually go up! Check this out:
“Every quarter, Pulsenomics surveys a distinguished panel of over 100 economists, investment strategists, and housing market analysts regarding their 5-year expectations for future home prices in the United States.”
“The Home Price Insights Report is your source for the most comprehensive and current home price trends. The Home Price Insights report is powered by the CoreLogic Home Price Index, which is designed to provide an early indication of home price trends. The indexes are fully revised with each release and employ techniques to signal turning points sooner.”
“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.”
Bottom Line: a home value is paper money. The only way to convert it to cash is sell it or refinance it. What’s it worth to you? Only what someone will pay or what the appraiser will say… Soooo…what’s your rate??? Becomes less and less important… doesn’t it… Always lots of pieces to the puzzle with real estate. That’s why I’m here. Reach out any time or comment below. Thanks!