Appreciation is Slowing, Not Depreciating
What’s actually happening with home prices today?
Experts agree that, nationally, what we’re seeing today is deceleration.
That means home prices are appreciating, just not at the record-breaking pace they have over the past year.
In 2021, data from CoreLogic tells us home prices appreciated by an average of 15% nationwide.
And earlier this year, that appreciation was upward of 20%.
This year, experts forecast home prices will appreciate at a decelerated pace of around 10 to 11%, on average.
The graph below uses the latest data from CoreLogic to help tell the story of how home prices are decelerating, but not depreciating so far this year.
As the green bars show, home prices appreciated between 19-20% year-over-year from January to March.
But over the last few months, the pace of that appreciation has decelerated to 18%.
Source: Keeping Current Matters + CoreLogic
