Facebook
Contact Us
Home Price Growth Is Moderating – Here’s Why That’s Good for You!

Home prices have risen dramatically in recent years. That has been frustrating for buyers, with many wondering if they would ever be able to acquire a home.

However, there is some good news: the rapid rise in property prices is decreasing.

Home Prices Are Rising at a Healthy Pace

Nationally, home prices continue to rise, but at a much more moderate, regular pace. According to Case-Shiller, home prices increased by only 3.8% year on year in November.

This is a far cry from the double-digit surges that happened in 2021 and 2022 (see graph below).

This more regular home price growth may make purchasing a home appear more feasible for many people. You won’t experience the same sticker shock or quick price increases that made it difficult to plan your buy a few years ago.

At the same hand, consistent growth means that the property you purchase today will likely increase in value over time.

Price Vary from Market to Market

While the national trend is for moderate price growth, it is crucial to remember that all real estate is local.

Some markets are experiencing faster growth, while others are slowing or even declining slightly. Selma Hepp, Chief Economist at CoreLogic, notes:

Meanwhile, some regions experienced minor month-over-month declines in November, according to Federal Housing Finance Agency (FHFA) data (see graph below).

What does this mean to you? It is critical to understand what is happening in your local market. A national average cannot reveal the complete story. Working with a local real estate agent might be especially beneficial in this situation.

They have the resources and knowledge to provide you with a comprehensive picture of what is going on in your area and how to plan for it throughout your relocation.

Bottom Line

Home prices are increasing at a more reasonable rate, and partnering with a local real estate agent can help you negotiate the ups and downs of your particular market.

Would you want to see what starter homes are available in your area? Contact Arkansas Real Estate Collective today to discuss your choices!

JOIN OUR TEAM

If you are thinking about becoming a Realtor and joining our team, please do not hesitate to contact us. Think about the following: As a realtor, one provides a host of services to our customers and in doing so we believe that we have a career worth having. As independent contractor’s for Arkansas Real Estate Collective, we believe in ourselves and in turn believe that it is a business worth owning. This enriches our lives, gives us experiences worth giving and legacies worth leaving.

Join Now

Quick links

Contact Information

Facebook

Your Personal Information Is Strictly Confidential And Will Not Be Shared With Any Outside Organizations. By Submitting This Form With Your Telephone Number You Are Consenting For Arkansas Real Estate Collective And Authorized Representatives To Contact You Even If Your Name Is On The Federal "Do-Not-Call List."

I agree to be contacted by Arkansas Real Estate Collective via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Message frequency may vary. Privacy Policy.

Made By The Speculo Group

Privacy Policy and Terms of Use