[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f3uzackjejkd4o":3,"$ffeh0925h8cuz":50,"$f2emv3tus0uf1":54,"$fbwk2pqjjqsc7":58},{"item":4,"previous":38,"next":44},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":36,"updatedAt":37},1182,"are-home-prices-softening-or-are-they-falling","Are Home Prices Softening or Are They Falling?","We are beginning to see reports that more housing inventory is coming to the market and that buyer demand may not be increasing at the same pace it did earlier this year. The result will be many headlines written to address the impact that these two situations will have on home values.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F09\u002F26113216\u002F20180927-Share-STM.jpg","We are beginning to see reports that more housing inventory is coming to the market and that buyer demand may not be increasing at the same pace it did earlier this year. The result will be many headlines written to address the impact that these two situations will have on home values.\u003C!--more-->\r\n\r\nMany of these headline writers will confuse “softening home prices” with “falling home prices,” but there is a major difference between the two.\r\n\r\nThe data will begin to show that home values are not appreciating at the same levels as they had over the last several years (softening prices). This does NOT mean that prices are depreciating (falling prices).\r\n\r\nHere is an example: Over the last several years, national home values increased by more than 6% annually. If you had a home worth $300,000 at the beginning of the year, it would be worth $318,000 by year’s end. If the appreciation rate “falls” to 4%, that $300,000 house would be worth $312,000 at the end of next year - a $6,000 difference.\r\n\r\nThe price of the home did not fall. It just didn’t increase at the level it had the previous year.\r\n\r\nAppreciation rates are projected to end this year at approximately 5%, and then drop to somewhere between 4-5% next year. This drop in appreciation rate will cause home price increases to \u003Cstrong>soften.\u003C\u002Fstrong>\r\n\u003Ch4>\u003Cstrong>Again, this does not mean that home prices will depreciate, but instead that they will appreciate more slowly. \u003C\u002Fstrong>\u003C\u002Fh4>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nBe careful when reading headlines that discuss home values. Some headline writers will be legitimately confused and will use the word \u003Cem>falling\u003C\u002Fem> in place of \u003Cem>softening\u003C\u002Fem>. Others will realize that the headline “Home Prices are Falling!” will get more clicks than “Home Prices are Softening” and will intentionally write the more compelling headline. Read the article. \u003Cstrong>If the word depreciation is not mentioned, home values are not falling.\u003C\u002Fstrong>","\r\nBe careful when reading headlines that discuss home values. Some headline writers will be legitimately confused and will use the word \u003Cem>falling\u003C\u002Fem> in place of \u003Cem>softening\u003C\u002Fem>. Others will realize that the headline “Home Prices are Falling!” will get more clicks than “Home Prices are Softening” and will intentionally write the more compelling headline. Read the article. \u003Cstrong>If the word depreciation is not mentioned, home values are not falling.\u003C\u002Fstrong>",false,[16,20,24,28,32],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},6,"For Sellers","sellers",{"id":25,"name":26,"slug":27},9,"Home Prices","home-prices",{"id":29,"name":30,"slug":31},11,"First-Time Buyers","first-time-buyers",{"id":33,"name":34,"slug":35},38,"Move-Up","move-up","2018-09-27T10:00:37Z","2018-09-26T13:17:38Z",{"id":39,"slug":40,"title":41,"featuredImage":42,"publishedAt":43,"contentType":10,"isVideo":14},1181,"the-cost-of-not-paying-pmi","The Cost of NOT Paying PMI","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F09\u002F25133021\u002F20180926-Share-STM.jpg","2018-09-26T10:00:43Z",{"id":45,"slug":46,"title":47,"featuredImage":48,"publishedAt":49,"contentType":10,"isVideo":14},1183,"should-i-buy-now-or-wait-until-next-year-infographic-2","Should I Buy Now? Or Wait Until Next Year? 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