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

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: 18% The dramatic increases are seen at every price point and in all regions of the country. According to the latest Home Price Index from CoreLogic, each price range is seeing at least a 19% increase...

Today’s Real Estate Market Explained Through 4 Key Trends

As we move into the second half of the year, one thing is clear: the current real estate market is one for the record books. The exact mix of conditions we have today creates opportunities for both buyers and sellers. Here’s a look at four key components that are shaping this unprecedented market. A Shortage of Homes for Sale Earlier this year, the number of homes available for sale fell to an all-time low. In recent months, however, inventory levels are starting to trend up. The latest Monthly Housing Market Trends Report from realtor.com says: “In June, newly listed homes grew by 5.5% on a year-over-year basis, and by 10.9% on a month-over-month basis. Typically, fewer newly listed homes appear on the market in the month of June compared to...

Experts Say Home Prices Will Continue to Appreciate

It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?” has actually spiked 2450% over the past month. In addition, Jim Dalrymple II of Inman News notes: “One of the most noteworthy things that came up in Inman’s conversations with agents was that every single one said they’ve had conversations with clients about whether or not the market is heading into a bubble.” To alleviate some of these concerns, let’s look at what several financial analysts are saying about the current residential real estate market. Within the last thirty days, four of the major financial services giants came...

TOP AGENT AWARD 2021 – San Diego Business Journal

Recognized as Top Producing Real Estate Agent for 2021 - San Diego Business Journal. Interested in Selling or Buying? Call or Text Me! (858) 663-0911 Tim@TimVanDamm.com Tim Van Damm is a Luxury Real Estate Specialist with extensive experience in the luxury real estate market and construction. He is ranked as top 1/2 of 1% Worldwide in Real Estate by Berkshire Hathaway and Top Producing Real Estate Agent for 2021 by The San Diego Business Journal. He specializes in Rancho Santa Fe, Del Mar, La Jolla, The Crosby, and...

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