[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f3l0qzx1fu7ijc":3,"$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},1167,"what-does-the-future-hold-for-home-prices","What Does the Future Hold for Home Prices?","If you’re looking to buy or sell a house, chances are you’ve heard talk about today’s \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F10\u002F06\u002Fwhat-do-supply-and-demand-tell-us-about-todays-housing-market\u002F\">rising home prices\u003C\u002Fa>. And while this increase in home values is great news for sellers, you may be wondering what the future holds. Will prices continue to rise with time, or should you expect them to fall?","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F10\u002F13150257\u002F20211019-KCM-Share.jpg","If you’re looking to buy or sell a house, chances are you’ve heard talk about today’s \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F10\u002F06\u002Fwhat-do-supply-and-demand-tell-us-about-todays-housing-market\u002F\">rising home prices\u003C\u002Fa>. And while this increase in home values is great news for sellers, you may be wondering what the future holds. Will prices continue to rise with time, or should you expect them to fall?\u003C!--more-->\r\n\r\nTo answer that question, let’s first understand a few terms you may be hearing right now.\r\n\u003Cul>\r\n \t\u003Cli>\u003Ca href=\"https:\u002F\u002Fwww.merriam-webster.com\u002Fdictionary\u002Fappreciation\">\u003Cstrong>Appreciation\u003C\u002Fstrong>\u003C\u002Fa> is an \u003Cem>increase\u003C\u002Fem> in the value of an asset.\u003C\u002Fli>\r\n \t\u003Cli>\u003Ca href=\"https:\u002F\u002Fwww.merriam-webster.com\u002Fdictionary\u002Fdepreciation\">\u003Cstrong>Depreciation\u003C\u002Fstrong>\u003C\u002Fa> is a \u003Cem>decrease\u003C\u002Fem> in the value of an asset.\u003C\u002Fli>\r\n \t\u003Cli>\u003Ca href=\"https:\u002F\u002Fwww.merriam-webster.com\u002Fdictionary\u002Fdeceleration\">\u003Cstrong>Deceleration\u003C\u002Fstrong>\u003C\u002Fa> is when something happens at a \u003Cem>slower pace\u003C\u002Fem>.\u003C\u002Fli>\r\n\u003C\u002Ful>\r\nIt’s important to note home prices have increased, or \u003Cstrong>appreciated\u003C\u002Fstrong>, for \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fexisting-home-sales-recede-2-0-in-august\">114\u003C\u002Fa> straight months. To find out if that trend may continue, look to the experts. \u003Ca href=\"https:\u002F\u002Fpulsenomics.com\u002Fsurveys\u002F#home-price-expectations\">\u003Cem>Pulsenomics\u003C\u002Fem>\u003C\u002Fa> surveyed over 100 economists, investment strategists, and housing market analysts asking for their five-year projections. In terms of what lies ahead, experts say the market may see some slight \u003Cstrong>deceleration\u003C\u002Fstrong>, but not \u003Cstrong>depreciation\u003C\u002Fstrong>.\r\n\r\nHere’s the forecast for the next few years:\u003Ca href=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F10\u002F13150300\u002F20211019-MEM-Eng-1.png\">\u003Cimg class=\"aligncenter wp-image-45336\" src=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F10\u002F13150300\u002F20211019-MEM-Eng-1.png\" alt=\"What Does the Future Hold for Home Prices? | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>As the graph above shows, prices are expected to \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F09\u002F09\u002Fhome-price-appreciation-is-skyrocketing-in-2021-what-about-2022\u002F\">continue to rise\u003C\u002Fa>, just not at the same pace we’ve seen over the last year. \u003Cstrong>Over 100 experts agree, there is no expectation for price depreciation\u003C\u002Fstrong>. As the arrows indicate, each number is an increase, which means prices will rise each year.\r\n\r\nBill McBride, author of the blog \u003Ca href=\"https:\u002F\u002Fwww.calculatedriskblog.com\u002F\">\u003Cem>Calculated Risk\u003C\u002Fem>\u003C\u002Fa>, also expects \u003Cstrong>deceleration, \u003C\u002Fstrong>but not depreciation:\r\n\u003Cblockquote>\u003Cem>“My sense is the Case-Shiller National annual growth rate of 19.7% is probably close to a peak, and that year-over-year \u003Cstrong>price increases will slow \u003C\u002Fstrong>later this year.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nIvy Zelman of \u003Ca href=\"https:\u002F\u002Fwww.zelmanassociates.com\u002F\">\u003Cem>Zelman & Associates\u003C\u002Fem>\u003C\u002Fa> agrees, saying:\r\n\u003Cblockquote>“. . . home price appreciation is on the cusp of flipping to a \u003Cstrong>decelerating\u003C\u002Fstrong> \u003Cstrong>trend\u003C\u002Fstrong>.”\u003C\u002Fblockquote>\r\nA \u003Ca href=\"https:\u002F\u002Fwww.realtor.com\u002Fnews\u002Ftrends\u002Fis-housing-market-frenzy-going-to-cool-off-this-fall\u002F\">recent article\u003C\u002Fa> from \u003Cem>realtor.com\u003C\u002Fem> indicates you should expect:\r\n\u003Cblockquote>“. . . annual \u003Cstrong>price increases will slow \u003C\u002Fstrong>to a more normal level, . . .”\u003C\u002Fblockquote>\r\n\u003Ch4>\u003Cstrong>What Does This Deceleration Mean for You?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nWhat experts are projecting for the years ahead is more in line with the historical norm for appreciation. According to data from \u003Cem>\u003Ca href=\"https:\u002F\u002Fcdn.blackknightinc.com\u002Fwp-content\u002Fuploads\u002F2021\u002F04\u002FBKI_MM_Feb2021_Report.pdf\">Black Knight\u003C\u002Fa>\u003C\u002Fem>, the average annual appreciation from 1995-2020 is 4.1%. As you can see from the chart above, the expert forecasts are closer to that pace, which means you should see appreciation at a level that’s aligned with a more normal year.\r\n\r\nIf you’re a buyer, don’t expect a sudden or drastic drop in home prices – experts say it won’t happen. Instead, think about your homeownership goals and consider purchasing a home before prices rise further.\r\n\r\nIf you’re a seller, the continued home price appreciation is good news for the value of your house. Work with an agent to list your house for the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F09\u002F03\u002Fyour-agent-is-key-when-pricing-your-house-infographic\u002F\">right price\u003C\u002Fa> based on market conditions.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nExperts expect price \u003Cstrong>deceleration\u003C\u002Fstrong>, not price \u003Cstrong>depreciation \u003C\u002Fstrong>over the coming years. Let’s connect to talk through what’s happening in the housing market today, where things are headed, and what it means for you.","\r\nExperts expect price \u003Cstrong>deceleration\u003C\u002Fstrong>, not price \u003Cstrong>depreciation \u003C\u002Fstrong>over the coming years. Let’s connect to talk through what’s happening in the housing market today, where things are headed, and what it means for you.","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F10\u002F13150300\u002F20211019-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","2021-10-19T10:00:42Z","2021-10-19T10:00:43Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},3662,"sellers-your-house-could-be-an-oasis-for-buyers-seeking-more-options","Sellers: Your House Could Be an Oasis for Buyers Seeking More Options","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F10\u002F08121631\u002F20211018-KCM-Share.jpg","2021-10-18T10:00:12Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},3677,"looking-to-move-it-could-be-time-to-build-your-dream-home","Looking To Move? It Could Be Time To Build Your Dream Home.","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F10\u002F18112850\u002F20211020-KCM-Share.jpg","2021-10-20T10:00:28Z",{"cover":44,"open":45,"shareSpread":46},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":48,"open":49,"shareSpread":50},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[52,56,57,58,62,66,67,71,75,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155,159],{"id":53,"name":54,"slug":55},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":59,"name":60,"slug":61},7,"Foreclosures","foreclosures",{"id":63,"name":64,"slug":65},8,"Infographics","infographics",{"id":26,"name":27,"slug":28},{"id":68,"name":69,"slug":70},11,"First-Time Buyers","first-time-buyers",{"id":72,"name":73,"slug":74},34,"Senior Market","senior-market",{"id":76,"name":77,"slug":78},35,"Mortgage Rates","mortgage-rates",{"id":80,"name":81,"slug":82},38,"Move-Up","move-up",{"id":84,"name":85,"slug":86},41,"For Sale by Owner","for-sale-by-owner",{"id":88,"name":89,"slug":90},42,"Featured","featured",{"id":92,"name":93,"slug":94},45,"New Construction","new-construction",{"id":96,"name":97,"slug":98},52,"Luxury \u002F Vacation","luxury--vacation",{"id":100,"name":101,"slug":102},53,"Rent vs. Buy","rent-vs-buy",{"id":104,"name":105,"slug":106},80,"Time-sensitive","time-sensitive",{"id":108,"name":109,"slug":110},81,"Outdated","outdated",{"id":112,"name":113,"slug":114},147,"Internal","internal",{"id":116,"name":117,"slug":118},148,"Do Not Autopost","do-not-autopost",{"id":120,"name":121,"slug":122},320,"Inventory","inventory",{"id":124,"name":125,"slug":126},321,"Agent Value","agent-value",{"id":128,"name":129,"slug":130},322,"Affordability","affordability",{"id":132,"name":133,"slug":134},323,"Buying Tips","buying-tips",{"id":136,"name":137,"slug":138},324,"Downsize","downsize",{"id":140,"name":141,"slug":142},325,"Economy","economy",{"id":144,"name":145,"slug":146},326,"Equity","equity",{"id":148,"name":149,"slug":150},327,"Forecasts","forecasts",{"id":152,"name":153,"slug":154},328,"Selling Tips","selling-tips",{"id":156,"name":157,"slug":158},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":160,"name":161,"slug":162},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]