{"id":1445,"date":"2022-05-24T12:19:23","date_gmt":"2022-05-24T12:19:23","guid":{"rendered":"https:\/\/ecstatic-dubinsky.217-160-212-78.plesk.page\/?p=1445"},"modified":"2023-05-20T13:23:35","modified_gmt":"2023-05-20T13:23:35","slug":"sellers-have-an-opportunity-as-home-prices-re-accelerate","status":"publish","type":"post","link":"https:\/\/dimerorealtygroup.com\/es\/sellers-have-an-opportunity-as-home-prices-re-accelerate\/","title":{"rendered":"Sellers Have an Opportunity as Home Prices Re-Accelerate"},"content":{"rendered":"

As mortgage rates<\/a>\u00a0started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here\u2019s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to\u00a0appreciate<\/a>. The latest data on home prices seems to confirm that trend.<\/p>\n

\n

According to\u00a0data<\/a>\u00a0from\u00a0CoreLogic<\/em>, home price appreciation has been re-accelerating since November. The graph below shows this increase in home price appreciation in green:<\/p>\n

\"Sellers<\/a>This is largely due to an ongoing imbalance in\u00a0supply and demand<\/a>. Specifically,\u00a0housing supply<\/a>\u00a0is still low, and demand is high. As mortgage rates started to rise this year, many homebuyers rushed to make their purchases before those rates could climb higher. The increased competition drove home prices up even more. Selma Hepp, Deputy Chief Economist at\u00a0CoreLogic<\/em>,\u00a0explains<\/a>:<\/p>\n

\u201cHome price growth continued to gain speed in early spring, as eager buyers tried to get in front of the mortgage rate surge.\u201d<\/em><\/strong><\/p><\/blockquote>\n

And experts say prices are\u00a0forecast<\/a>\u00a0to continue appreciating, just at a more moderate pace moving forward. A recent article from\u00a0Fortune<\/em>\u00a0says<\/a>:<\/p>\n

\u201c. . .\u00a0the swift move up in mortgage rates . . . doesn\u2019t mean home prices are about to crash.\u00a0In fact, every major real estate firm with a publicly released forecast model . . . still predicts home prices will climb further this year<\/strong>.\u201d<\/em><\/p><\/blockquote>\n

What This Means for You<\/strong><\/h4>\n

If you\u2019re thinking about\u00a0selling your house<\/a>, you should know you have a great opportunity to list your home and capitalize on today\u2019s\u00a0home price appreciation<\/a>. As prices rise, so does the value of your home, which gives your\u00a0equity<\/a>\u00a0a big boost.<\/p>\n

When you\u00a0sell<\/a>, you can use that\u00a0equity<\/a>\u00a0toward the purchase of your next home. And at today\u2019s record-level of appreciation, that equity may be enough to cover some (if not all) of your\u00a0down payment<\/a>.<\/p>\n

Bottom Line<\/strong><\/h3>\n

History shows rising mortgage rates have not had a negative impact on home prices. Now is still a great time to sell your house thanks to ongoing price appreciation. When you\u2019re ready to find out how much equity you have in your current home and what\u2019s happening with home prices in your local area, let\u2019s connect.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

History shows rising mortgage rates have not had a negative impact on home prices. Now is still a great time to sell your house thanks to ongoing price appreciation. When you\u2019re ready to find out how much equity you have in your current home and what\u2019s happening with home prices in your local area, let\u2019s connect.<\/p>","protected":false},"author":1,"featured_media":1446,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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