{"id":2622,"date":"2022-05-02T11:33:33","date_gmt":"2022-05-02T11:33:33","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=2622"},"modified":"2022-05-02T11:33:33","modified_gmt":"2022-05-02T11:33:33","slug":"todays-home-price-appreciation-great-news-existing-homeowners","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/todays-home-price-appreciation-great-news-existing-homeowners\/","title":{"rendered":"Today\u2019s Home Price Appreciation Is Great News for Existing Homeowners"},"content":{"rendered":"
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Today\u2019s Home Price Appreciation Is Great News for Existing Homeowners<\/p><\/div>\n

If you\u2019re planning to sell your home<\/a> this season, rising prices are great news for you. But it\u2019s important to understand why prices<\/a> are rising to begin with. One major factor is supply and demand<\/a>.<\/p>\n

In any industry, when there are more buyers<\/a> for an item than there are of that item available<\/a>, prices naturally rise. In those situations, buyers are willing to pay more to get the product or service they\u2019re looking for when options are scarce. And that\u2019s exactly what\u2019s happening in the current real estate market.<\/strong><\/p>\n

Selma Hepp, Executive, Research & Insights and Deputy Chief Economist at CoreLogic<\/em>, puts it like this<\/a>:<\/p>\n

\u201cWith so few homes, buyers are once again left with fierce competition that\u2019s driving the share of homes that sold over the listing price up to 66% . . . With the continued imbalance between supply and demand, home prices are likely to have another year of strong gains<\/strong> and are expected to average about 10% growth for the year.\u201d<\/em><\/p><\/blockquote>\n

Because it will take some time for housing supply to increase, experts believe prices will continue rising. The latest Home Price Expectations Survey<\/em><\/a> forecasts what will happen with home prices over the next 5 years. As the graph below shows, while the rate of appreciation will moderate over the next few years, prices will continue rising through 2026<\/strong>:<\/p>\n

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Experts Say Home Prices Will Keep Rising<\/p><\/div>\n

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What This Means When You Sell Your House<\/strong><\/h4>\n

If you\u2019re a homeowner, the projection for continued price appreciation this year opens up an opportunity to move. That\u2019s because it may give your equity<\/a> a major boost. Equity is the difference between what you owe on your house and its market value. The amount of equity you have increases as you make your monthly payments and as rising home prices drive up the market value for your home.<\/p>\n

Growing equity<\/a> is a powerful tool for homeowners. When you sell your house, the equity you\u2019ve built comes back to you in the sale. That money could be enough to cover some (if not all) of your down payment on your next home.<\/p>\n

Of course, if you want to know how much equity you have in your current house, it\u2019s crucial to work with a real estate professional. They follow current market trends and can help you understand your home\u2019s value when you\u2019re ready to sell.<\/p>\n

What This Means for Your Next Purchase<\/strong><\/h4>\n

But today\u2019s rising home values aren\u2019t just good news if you\u2019re ready to sell. Because price appreciation is forecast to continue in the years ahead, you can rest assured your next home will be an investment that should grow in value with time. That\u2019s one of <\/strong>several reasons<\/strong><\/a> why real estate has been rated the best investment in a recent <\/strong>Gallup poll<\/strong><\/a>.<\/strong><\/p>\n

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

If you\u2019re weighing whether or not you should sell your house this season, know rising home values may be opening up an opportunity to use equity to fuel your move. Let\u2019s connect so you can find out how much your home is worth and to learn more about all the benefits you have in today\u2019s market.<\/p>\n<\/div>\n<\/div>\n<\/article>\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

Let\u2019s Connect:<\/strong>
\nFacebook<\/a>
\nLinkedin<\/a>
\nTwitter<\/a>
\nInstagram<\/a><\/p>\n

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The author does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. The author will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.<\/em><\/h5>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

If you\u2019re planning to sell your home this season, rising prices are great news for you. But it\u2019s important to understand why prices are rising to begin with. Finish Reading Today\u2019s Home Price Appreciation Is Great News for Existing Homeowners<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[69],"tags":[10,16,329,267,183,27,91,398,158,57,86,52,25,9,66,49,397,42,252,376,440,375,48,28,47,19],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2622"}],"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=2622"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2622\/revisions"}],"predecessor-version":[{"id":2625,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2622\/revisions\/2625"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=2622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=2622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=2622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}