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Housingmarketupdate | Liz's Blog

Sunday, June 19, 2022   /   by Liz Dobbins

About Home Price Deceleration

Home Price Deceleration Doesn’t Mean Home Price Depreciation


Experts in the real estate industry use a number of terms when they talk about what's happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what's happening with home pricesand where experts say they're going, here’s a look at a few terms you may hear:

Appreciation is when home prices increase.
Depreciation is when home prices decrease.
Deceleration is when home prices continue to appreciate, but at a slower pace.

Where Home Prices Have Been in Recent Years
For starters, you’ve probably heard home prices have skyrocketed over the past two years, but homes were actually appreciating long before that. You might be surprised to learn that home prices have climbed for 122 consecutive months (see graph below):

As the graph shows, houses have gained value consistently over the p ...

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  housingmarketupdate, home price deceleration

Sunday, June 19, 2022   /   by Liz Dobbins

Is the Housing Market Correcting?

Is the Housing Market Correcting?


If you're following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here’s what you need to know.

The housing market is moderating compared to the last two years, but what everyone needs to remember is that the past two years were record-breaking in nearly every way. Record-low mortgage rates and millennials reaching peak homebuying years led to an influx of buyer demand. At the same time, there weren’t enough homes available to purchase thanks to many years of underbuilding and sellers who held off on listing their homes due to the health crisis.

This combination led to record-high demand and record-low supply, and that wasn’t going to be sustainable for the long term. The latest data shows early signs of a shift back to the market pace seen in the yea ...

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  housingmarketupdate

My Home Group
Liz Dobbins
8360 E Raintree Dr. Suite #120
Scottsdale, AZ 85260
623-826-1981

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