{"id":7702,"date":"2022-04-07T06:00:23","date_gmt":"2022-04-07T10:00:23","guid":{"rendered":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=7702"},"modified":"2022-04-07T06:00:23","modified_gmt":"2022-04-07T10:00:23","slug":"the-future-of-home-price-appreciation-and-what-it-means-for-you","status":"publish","type":"post","link":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=7702","title":{"rendered":"The Future of Home Price Appreciation and What It Means for You"},"content":{"rendered":"
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\"The<\/p>\n

Many consumers are wondering what will happen with home values over the next few years.<\/em> Some are concerned that the recent run-up in home prices will lead to a situation similar to the housing crash<\/a> 15 years ago.<\/span><\/p>\n

However, experts say the market is totally different today. For example, Odeta Kushi, Deputy Chief Economist at First American,<\/em> tweeted<\/a> just last week on this issue:<\/p>\n

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\u201c. . . We do need price appreciation to slow today (it\u2019s not sustainable over the long run) but high price growth today is supported by fundamentals- short supply, lower rates & demographic demand. And we are in a much different & safer space: better credit quality, low DTI [Debt-To-Income] & tons of equity. Hence, a crash in prices is very unlikely.\u201d<\/em><\/p>\n<\/blockquote>\n

Price appreciation will slow from the double-digit levels the market has seen over the last two years. However, experts believe home values will not <\/strong>depreciate (where a home would lose value).<\/p>\n

To this point, Pulsenomics<\/em> just released the latest Home Price Expectation Survey<\/em><\/a>\u00a0\u2013 a survey of a national panel of over 100 economists, real estate experts, and investment and market strategists. It<\/strong>\u00a0forecasts home prices will continue appreciating over the next five years.\u00a0<\/strong>Below are the expected year-over-year rates of home price appreciation based on the average of all 100+ projections:<\/p>\n