{"id":7272,"date":"2021-09-09T06:00:03","date_gmt":"2021-09-09T10:00:03","guid":{"rendered":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=7272"},"modified":"2021-09-09T06:00:03","modified_gmt":"2021-09-09T10:00:03","slug":"home-price-appreciation-is-skyrocketing-in-2021-what-about-2022","status":"publish","type":"post","link":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=7272","title":{"rendered":"Home Price Appreciation Is Skyrocketing in 2021. What About 2022?"},"content":{"rendered":"<div>\n<p><img decoding=\"async\" width=\"358\" src=\"https:\/\/blog.sfloridaluxuryhomes.com\/wp-content\/uploads\/2021\/09\/20210909-KCM-Share-549x300-1.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"Home Price Appreciation Is Skyrocketing in 2021. What About 2022? | Simplifying The Market\" loading=\"lazy\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" srcset=\"https:\/\/blog.sfloridaluxuryhomes.com\/wp-content\/uploads\/2021\/09\/20210909-KCM-Share-549x300-1.jpg 549w, https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/09\/08114728\/20210909-KCM-Share.jpg 750w\" sizes=\"auto, (max-width: 549px) 100vw, 549px\"><\/p>\n<p>One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year.<\/p>\n<p><span id=\"more-45116\"><\/span><\/p>\n<p>Here are the latest percentages showing the year-over-year increase in home price appreciation:<\/p>\n<ul>\n<li>The <a href=\"https:\/\/www.fhfa.gov\/AboutUs\/Reports\/ReportDocuments\/2021Q2_HPI.pdf\"><em>House Price Index (HPI)<\/em><\/a> from the<em> Federal Housing Finance Agency<\/em> (FHFA): 18.8%<\/li>\n<li>The <a href=\"https:\/\/spglobal.com\/spdji\/en\/documents\/indexnews\/announcements\/20210831-1442970\/1442970_cshomeprice-release-0831.pdf\"><em>S. National Home Price Index<\/em><\/a> from <em>S&amp;P Case-Shiller<\/em>: 18.6%<\/li>\n<li>The <a href=\"https:\/\/www.corelogic.com\/intelligence\/u-s-home-price-insights\/\"><em>Home Price Insights Report<\/em><\/a> from <em>CoreLogic<\/em>: 18%<\/li>\n<\/ul>\n<p>The dramatic increases are seen at every price point and in all regions of the country.<\/p>\n<h4><strong>Increases Are Across Every Price Point<\/strong><\/h4>\n<p>According to the latest <a href=\"https:\/\/www.corelogic.com\/intelligence\/u-s-home-price-index-annual-growth-reaches-all-time-high\/\"><em>Home Price Index<\/em><\/a> from <em>CoreLogic<\/em>, each price range is seeing at least a 19% increase year-over-year:<a href=\"https:\/\/blog.sfloridaluxuryhomes.com\/wp-content\/uploads\/2021\/09\/20210909-MEM-ENG-1.png\" data-rel=\"lightbox-image-0\" data-rl_title=\"\" data-rl_caption=\"\" title=\"\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-45117\" src=\"https:\/\/blog.sfloridaluxuryhomes.com\/wp-content\/uploads\/2021\/09\/20210909-MEM-ENG-1.png\" alt=\"Home Price Appreciation Is Skyrocketing in 2021. What About 2022? | Simplifying The Market\" width=\"650\" height=\"488\" srcset=\"https:\/\/blog.sfloridaluxuryhomes.com\/wp-content\/uploads\/2021\/09\/20210909-MEM-ENG-1.png 960w, https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/09\/08114341\/20210909-MEM-ENG-1-400x300.png 400w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\"><\/a><\/p>\n<h4><strong>Increases Are Across Every Region in the Country<\/strong><\/h4>\n<p>Every region in the country is experiencing at least a 14.9% increase in home price appreciation, according to the <a href=\"https:\/\/www.fhfa.gov\/AboutUs\/Reports\/ReportDocuments\/2021Q2_HPI.pdf\"><em>Federal Housing Finance Agency<\/em><\/a> (FHFA):<a href=\"https:\/\/blog.sfloridaluxuryhomes.com\/wp-content\/uploads\/2021\/09\/20210909-MEM-ENG-2.png\" data-rel=\"lightbox-image-1\" data-rl_title=\"\" data-rl_caption=\"\" title=\"\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-45118\" src=\"https:\/\/blog.sfloridaluxuryhomes.com\/wp-content\/uploads\/2021\/09\/20210909-MEM-ENG-2.png\" alt=\"Home Price Appreciation Is Skyrocketing in 2021. What About 2022? | Simplifying The Market\" width=\"650\" height=\"488\" srcset=\"https:\/\/blog.sfloridaluxuryhomes.com\/wp-content\/uploads\/2021\/09\/20210909-MEM-ENG-2.png 960w, https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/09\/08114442\/20210909-MEM-ENG-2-400x300.png 400w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\"><\/a><\/p>\n<h4><strong>Increases Are Across Each of the Top 20 Metros in the Country<\/strong><\/h4>\n<p>According to the <a href=\"https:\/\/spglobal.com\/spdji\/en\/documents\/indexnews\/announcements\/20210831-1442970\/1442970_cshomeprice-release-0831.pdf\"><em>U.S. National Home Price Index<\/em><\/a> from <em>S&amp;P Case-Shiller<\/em>, every major metro is seeing at least a 13.3% growth in prices (<em>see graph below<\/em>):<\/p>\n<p><a href=\"https:\/\/blog.sfloridaluxuryhomes.com\/wp-content\/uploads\/2021\/09\/20210909-MEM-ENG-3.png\" data-rel=\"lightbox-image-2\" data-rl_title=\"\" data-rl_caption=\"\" title=\"\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-45119\" src=\"https:\/\/blog.sfloridaluxuryhomes.com\/wp-content\/uploads\/2021\/09\/20210909-MEM-ENG-3.png\" alt=\"Home Price Appreciation Is Skyrocketing in 2021. What About 2022? | Simplifying The Market\" width=\"650\" height=\"488\" srcset=\"https:\/\/blog.sfloridaluxuryhomes.com\/wp-content\/uploads\/2021\/09\/20210909-MEM-ENG-3.png 960w, https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/09\/08114539\/20210909-MEM-ENG-3-400x300.png 400w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\"><\/a><\/p>\n<h4><strong>What About Price Appreciation in 2022?<\/strong><\/h4>\n<p>Prices are the result of the balance between supply and demand. The demand for single-family homes has been strong over the last 18 months. The supply of houses available for sale was near historic lows. However, there\u2019s some good news on the supply side. <em>Realtor.com<\/em> <a href=\"https:\/\/news.move.com\/2021-09-02-Realtor-com-R-August-Housing-Report-Seller-Activity-Warms-Up-as-432,000-Newly-Listed-Homes-Hit-the-Market\">reports<\/a>:<\/p>\n<blockquote>\n<p><em>\u201c432,000 new listings hit the national housing market in August, an increase of 18,000 over last year.\u201d<\/em><\/p>\n<\/blockquote>\n<p>There will, however, still be a shortage of supply compared to demand in 2022. <em>CoreLogic<\/em> <a href=\"https:\/\/www.corelogic.com\/intelligence\/u-s-home-price-insights\/\">reveals<\/a>:<\/p>\n<blockquote>\n<p><em>\u201cGiven the widespread demand and considering the number of standalone homes built during the past decade, the single-family market is estimated to be undersupplied by 4.35 million units by 2022.\u201d<\/em><\/p>\n<\/blockquote>\n<p>Yet, most forecasts call for home price appreciation to moderate in 2022. The <a href=\"https:\/\/pulsenomics.com\/surveys\/#home-price-expectations\"><em>Home Price Expectation Survey<\/em><\/a>, a survey of over 100 economists, investment strategists, and housing market analysts, calls for a <strong>5.12%<\/strong> appreciation level next year. Here are the 2022 home appreciation forecasts from the four other major entities:<\/p>\n<ol>\n<li>The <a href=\"https:\/\/cdn.nar.realtor\/sites\/default\/files\/documents\/forecast-q3-2021-us-economic-outlook-07-29-2021_1.pdf\"><em>National Association of Realtors<\/em><\/a> (NAR): 4.4%<\/li>\n<li>The <a href=\"https:\/\/www.mba.org\/news-research-and-resources\/research-and-economics\/forecasts-and-commentary\"><em>Mortgage Bankers Association<\/em><\/a> (MBA): 8.4%<\/li>\n<li><a href=\"https:\/\/www.fanniemae.com\/media\/40816\/display\"><em>Fannie Mae<\/em><\/a>: 5.1%<\/li>\n<li><a href=\"http:\/\/www.freddiemac.com\/research\/forecast\/20210715_quarterly_economic_forecast.page?\"><em>Freddie Mac<\/em><\/a>: 5.3%<\/li>\n<\/ol>\n<p>Price appreciation is expected to slow in 2022 when compared to the record highs of 2021. However, it is still expected to be greater than the annual <a href=\"https:\/\/cdn.blackknightinc.com\/wp-content\/uploads\/2021\/04\/BKI_MM_Feb2021_Report.pdf\">average<\/a> of 4.1% over the last 25 years.<\/p>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>If you owned a home over the past year, you\u2019ve seen your household wealth grow substantially, and you\u2019ll see another nice boost in 2022. If you\u2019re thinking of buying, consider buying now as prices are forecast to continue increasing through at least next year.<\/p>\n<p>Content previously posted on Keeping Current Matters<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<div><img decoding=\"async\" width=\"358\" src=\"https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/09\/08114728\/20210909-KCM-Share-549x300.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"Home Price Appreciation Is Skyrocketing in 2021. What About 2022? | Simplifying The Market\" loading=\"lazy\" style=\"display: block;margin-bottom: 5px;clear:both;max-width: 100%\">One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year. Here are the latest percentages showing the year-over-year increase in home price appreciation: The House [\u2026]<\/div>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","footnotes":""},"categories":[3,84,85,86,121],"tags":[],"class_list":["post-7272","post","type-post","status-publish","format-standard","hentry","category-blog","category-for-buyers","category-for-sellers","category-housing-market-updates","category-pricing"],"_links":{"self":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/7272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7272"}],"version-history":[{"count":0,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/7272\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}