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Home Price Appreciation Is Skyrocketing in 2021. What About 2022?

By Posted on 2 min read 291 views

One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year. Here are the latest percentages showing the year-over-year increase in home price appreciation: The House Price Index (HPI) from the Federal Housing Finance Agency (FHFA): 18.8%The S. National Home Price Index from S&P Case-Shiller: 18.6%The Home Price Insights Report from CoreLogic: …

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Are Houses Less Affordable Than They Were in Past Decades?

By Posted on 2 min read 510 views

There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than it was in 2005? What about 1995? What happens if we go all the way back to 1985? Or even 1975? Obviously, the price of …

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Sellers: Make Today’s Home Price Appreciation Work for You

By Posted on 2 min read 465 views

Home prices continue to rise as we move through the summer, and that’s good news for sellers who are looking to maximize their home’s potential. If you’re on the fence about whether to list your house now or later, the question you should really ask is: will this price appreciation last? Here’s what three leading industry experts have to say about what lies ahead: Lawrence Yun, Chief Economist, National Association of Realtors (NAR): “At a broad …

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3 Charts That Show This Isn’t a Housing Bubble

By Posted on 3 min read 1026 views

With home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons. 1. The housing market isn’t driven by risky mortgage loans. Back in 2006, nearly everyone could qualify for a loan. The Mortgage Credit Availability Index (MCAI) from the Mortgage Bankers’ Association is …

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This is What Every Agent Should Be Doing Right Now

By Posted on 4 min read 258 views

It’s about as easy finding leads in today’s market as it was finding toilet paper a year ago. According to a recent report for CNBC, there’s about a 2:1 ratio of listings to agents right now, and that’s not likely to change anytime soon. That means that if you want to stay competitive, you need every advantage to win listings, convert clients, and keep your business going. The market is in …

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What Do Experts See on the Horizon for the Second Half of the Year?

By Posted on 3 min read 728 views

As we move into the latter half of the year, questions about what’s to come are top of mind for buyers and sellers. Near record-low mortgage rates coupled with rising home price appreciation kicked off a robust housing market in the first half of 2021, but what does the forecast tell us about what’s on the horizon? Mortgage Rates Will Likely Increase, but Remain Low Many experts are projecting a rise …

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