{"id":2117,"date":"2018-03-07T11:00:23","date_gmt":"2018-03-07T11:00:23","guid":{"rendered":"https:\/\/thezakariagroup.com\/home-prices-the-difference-5-years-makes\/"},"modified":"2018-03-07T11:00:23","modified_gmt":"2018-03-07T11:00:23","slug":"home-prices-the-difference-5-years-makes","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/home-prices-the-difference-5-years-makes\/","title":{"rendered":"Home Prices: The Difference 5 Years Makes"},"content":{"rendered":"
\n

\"Home<\/p>\n

The economists at CoreLogic<\/em> recently released a special report entitled, Evaluating the Housing Market Since the Great Recession<\/em><\/a>.<\/em> The goal of the report was to look at economic recovery since the Great Recession of December 2007 through June 2009.<\/span><\/p>\n

One of the key indicators used in the report to determine the health of the housing market was home price appreciation. CoreLogic<\/em> focused on appreciation from December 2012 to December 2017 to show how prices over the last five years have fared.<\/p>\n

Frank Nothaft, Chief Economist <\/em>at CoreLogic<\/em>, commented on the importance of breaking out the data by state,<\/p>\n

\n

\u201cHomeowners in the United States experienced a run-up in prices from the early 2000s to 2006, and then saw the trend reverse with steady declines through 2011. After finally reaching bottom in 2011, home prices began a slow rise back to where we are now. <\/em><\/p>\n

Greater demand and lower supply \u2013 as well as booming job markets \u2013 have given some of the hardest-hit housing markets a boost in home prices. Yet, many are still not back to pre-crash levels.\u201d<\/em><\/p>\n<\/blockquote>\n

The map below was created to show the 5-year appreciation from December 2012 \u2013 December 2017 by state.<\/p>\n

\"Home<\/a><\/p>\n

Nationally, the cumulative appreciation over the five-year period was 37.4%, with a high of 66% in Nevada, and a modest increase of 5% in Connecticut.<\/p>\n

Where were prices expected to go?<\/strong><\/h4>\n

Every quarter, Pulsenomics<\/em> surveys a nationwide panel of over 100 economists, real estate experts, and investment and market strategists and asks them to project how residential home prices will appreciate over the next five years for their Home Price Expectation Survey <\/em>(HPES).<\/p>\n

According to the December 2012 survey results, national homes prices were projected to increase cumulatively by 23.1% by December 2017. The bulls of the group predicted home prices to rise by 33.6%, while the more cautious bears predicted an appreciation of 11.2%.<\/p>\n

Where are prices headed in the next 5 years?<\/strong><\/h4>\n

Data from the most recent HPES shows that home prices are expected to increase by 18.2% over the next 5 years. The bulls of the group predict home prices to rise by 27.4%, while the more cautious bears predict an appreciation of 8.3%.<\/p>\n

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

Every day, thousands of homeowners regain positive equity in their homes. Some homeowners are now experiencing values even higher than before the Great Recession. If you\u2019re wondering if you have enough equity to sell your house and move on to your dream home, let\u2019s get together to discuss conditions in our neighborhood!<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

The economists at CoreLogic recently released a special report entitled, Evaluating the Housing Market Since the Great Recession. The goal of the report was to look at economic recovery since the Great Recession of December 2007 through June 2009. One of the key indicators used in the report to determine the health of the housing […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[98,99,100,102,101,108],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nHome Prices: The Difference 5 Years Makes - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/home-prices-the-difference-5-years-makes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home Prices: The Difference 5 Years Makes - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"The economists at CoreLogic recently released a special report entitled, Evaluating the Housing Market Since the Great Recession. 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