[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fpp932ka3wchr":3,"$ffeh0925h8cuz":43,"$f2emv3tus0uf1":47,"$fbwk2pqjjqsc7":51},{"item":4,"previous":31,"next":37},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":29,"updatedAt":30},1873,"is-home-price-appreciation-accelerating-again","Is Home Price Appreciation Accelerating Again?","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 \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F04\u002F02\u002Fbuyer-competition-is-good-news-for-sellers-infographic\u002F\">bidding wars\u003C\u002Fa> that have driven home prices up over the past twelve months. However, that increase in inventory has yet to materialize. The \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR) \u003Ca href=\"https:\u002F\u002Fcdn.nar.realtor\u002Fsites\u002Fdefault\u002Ffiles\u002Fdocuments\u002Fehs-03-2021-single-family-only-2021-04-22.pdf\">reports\u003C\u002Fa> that \u003Cstrong>there are currently 410,000 fewer single-family homes available for sale\u003C\u002Fstrong> than there were at this time last year.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F04\u002F28134947\u002F20210429-KCM-Share.jpg","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 \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2021\u002F04\u002F02\u002Fbuyer-competition-is-good-news-for-sellers-infographic\u002F\">bidding wars\u003C\u002Fa> that have driven home prices up over the past twelve months. However, that increase in inventory has yet to materialize. The \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR) \u003Ca href=\"https:\u002F\u002Fcdn.nar.realtor\u002Fsites\u002Fdefault\u002Ffiles\u002Fdocuments\u002Fehs-03-2021-single-family-only-2021-04-22.pdf\">reports\u003C\u002Fa> that \u003Cstrong>there are currently 410,000 fewer single-family homes available for sale\u003C\u002Fstrong> than there were at this time last year.\u003C!--more-->\r\n\r\nThis has forced those who made appreciation forecasts this past January to amend those projections. The \u003Ca href=\"https:\u002F\u002Fwww.mba.org\u002Fnews-research-and-resources\u002Fresearch-and-economics\u002Fforecasts-and-commentary\">\u003Cem>Mortgage Bankers Association\u003C\u002Fem>\u003C\u002Fa>, \u003Ca href=\"https:\u002F\u002Fwww.fanniemae.com\u002Fmedia\u002F38961\u002Fdisplay\">\u003Cem>Fannie Mae\u003C\u002Fem>\u003C\u002Fa>, \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fresearch\u002Fforecast\u002Findex.page\">\u003Cem>Freddie Mac\u003C\u002Fem>\u003C\u002Fa>, the \u003Ca href=\"https:\u002F\u002Fcdn.nar.realtor\u002Fsites\u002Fdefault\u002Ffiles\u002Fdocuments\u002Fforecast-Q1-2021-us-economic-outlook-01-30-2021.pdf\">\u003Cem>National Association of Realtors\u003C\u002Fem>\u003C\u002Fa>, and \u003Ca href=\"https:\u002F\u002Fwww.zelmanassociates.com\u002F\">\u003Cem>Zelman & Associates\u003C\u002Fem>\u003C\u002Fa> have all adjusted their numbers upward after reviewing first quarter housing data. Here are their original forecasts and their newly updated projections:\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F04\u002F20210429-MEM-Eng-1.png\">\u003Cimg class=\"aligncenter wp-image-44285\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F04\u002F20210429-MEM-Eng-1.png\" alt=\"Is Home Price Appreciation Accelerating Again? | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>Even with the increases, the updated projections still don’t 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. \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2021\u002F04\u002F27\u002Fwill-the-housing-market-maintain-its-momentum\u002F\">Demand\u003C\u002Fa> will remain strong, so future appreciation will be determined by how quickly listing inventory makes its way to the market.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nEntering 2021, there was some speculation that we might see price appreciation slow dramatically this year. Today, experts believe that won’t be the case. Home values will remain strong throughout the year.","\r\nEntering 2021, there was some speculation that we might see price appreciation slow dramatically this year. Today, experts believe that won’t be the case. Home values will remain strong throughout the year.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F04\u002F20210429-MEM-Eng-1.png",false,[17,21,25],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers",{"id":26,"name":27,"slug":28},9,"Home Prices","home-prices","2021-04-29T10:00:17Z","2021-06-11T17:51:50Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},1872,"patience-is-the-key-to-buying-a-home-this-year","Patience Is the Key to Buying a Home This Year","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F04\u002F27160508\u002F20210428-KCM-Share.jpg","2021-04-28T10:00:31Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},1874,"should-i-buy-now-or-wait-infographic","Should I Buy Now or Wait? 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