{"id":1673,"date":"2021-04-29T13:25:28","date_gmt":"2021-04-29T13:25:28","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=1673"},"modified":"2022-01-07T19:43:37","modified_gmt":"2022-01-07T19:43:37","slug":"home-price-appreciation-accelerating","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/home-price-appreciation-accelerating\/","title":{"rendered":"Is Home Price Appreciation Accelerating Again?"},"content":{"rendered":"
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Is Home Price Appreciation Accelerating Again?<\/p><\/div>\n

At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the\u00a0bidding wars<\/a>\u00a0that have driven home prices up over the past twelve months. However, that increase in inventory has yet to materialize. The\u00a0National Association of Realtors<\/em>\u00a0(NAR)\u00a0reports<\/a>\u00a0that\u00a0there are currently 410,000 fewer single-family homes available for sale<\/strong>\u00a0than there were at this time last year.<\/p>\n

This has forced those who made appreciation forecasts this past January to amend those projections. The\u00a0Mortgage Bankers Association<\/em><\/a>,\u00a0Fannie Mae<\/em><\/a>,\u00a0Freddie Mac<\/em><\/a>, the\u00a0National Association of Realtors<\/em><\/a>, and\u00a0Zelman & Associates<\/em><\/a>\u00a0have all adjusted their numbers upward after reviewing first quarter housing data. Here are their original forecasts and their newly updated projections:<\/p>\n

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2021 Home Price Forecast<\/p><\/div>\n

Even with the increases, the updated projections still don\u2019t reach the above 10% appreciation levels of 2020. However, a jump in the average projection from 5.3% to 7.7% after just one quarter is substantial.\u00a0Demand<\/a>\u00a0will remain strong, so future appreciation will be determined by how quickly listing inventory makes its way to the market.<\/p>\n

Bottom Line<\/strong><\/h3>\n

Entering 2021, there was some speculation that we might see price appreciation slow dramatically this year. Today, experts believe that won\u2019t be the case. Home values will remain strong throughout the year.<\/p>\n

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

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THE INFORMATION PRESENTED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSIDERED LEGAL, FINANCIAL, OR AS ANY OTHER TYPE.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. Finish Reading Is Home Price Appreciation Accelerating Again?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[69],"tags":[15,18,130,27,91,158,52,83,49,159,170,40,63,20,12,24,48,108,13,28,54,47,19],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1673"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=1673"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1673\/revisions"}],"predecessor-version":[{"id":1676,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1673\/revisions\/1676"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=1673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=1673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=1673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}