Home Value Appreciation Stops Falling, Begins to Stabilize! What’s Your Home Worth?

Home Value Appreciation Stops Falling, Begins to Stabilize | MyKCM

The percentage of home price appreciation on a year-over-year basis has decreased each month for over a year. The question was how far annual appreciation would fall. It seems we may now have the answer.

Want to know your homes current value? Text BELTVALUE to 59559!

In a recent post on the National Association of Realtors’ Economists’ Outlook Blog, it was revealed that Realtors are starting to sense that home values are beginning to stabilize and that we may see appreciation beginning to accelerate again:

“About 3,000 REALTORS® who responded to NAR’s February 2019 REALTORS Confidence Index Survey had more optimistic— although modest— home price growth expectations over the next 12 months. Respondents expect home prices to typically increase by 1.9 percent nationally, up from 1.4 percent in the January survey.”

The thinking that home appreciation has bottomed-out was also confirmed in two additional housing reports recently released:

CoreLogic Home Price Index – The analysts at CoreLogic increased their projection for home appreciation for the next twelve months to 4.7% as compared to the 4.6% they projected in their previous report.

The Home Price Expectation Survey – In the 2019 first quarter survey, the nationwide panel of over one hundred economists, real estate experts, and investment & market strategists increased their projection for home value growth in 2019 to 4.3% compared to the 3.8% increase they had projected in the fourth quarter of 2018.

Bottom Line

Agents working the business every day, one of the premier data companies in the real estate space, and one hundred housing experts all agree: home price appreciation has ended its decline and looks to be stabilizing… and may even accelerate.

Get your FREE Home Valuation here NOW!

FREE and INSTANT Northern VA Home Valuation Tool

If you’re wondering how much your Northern Virginia home is worth, you might want to try our new FREE Home Valuation Tool. And since we at The Belt Team pride ourselves on how we implement state-of-the-art technology to make our clients’ lives easier, it’s not like the others where you have to wait for someone to do a report. Nope – you get the info you’re looking for INSTANTLY! Click on the picture below.

How Much Is My Home Worth Virginia

Try it out & let us know what you think!

And if you’re looking to buy a home in Northern Virginia – whether it’s a luxury home in Vienna, a townhome in Fairfax or a condo in Reston – you’ll also love our state-of-the-art Homebuyer Real Estate Search Site. It’s FASTER and more UP-TO-DATE than other sites!

McLean Luxury Homes

Call (703) 242-3975 to schedule your Buyer or Seller Consultation. Our mission is “Changing Lives For The Better”. Is it time to change YOURS?