• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Pacific Funding Group

Your Professional Mortgage Resource

Talk to a loan expert today.
Call (888) 663-9350
better business bureau A rating

Top 100 Mortgage Lender Badge

Follow Us On Facebook

  • Home
  • About
    • PFG Careers
  • Loan Programs
  • Apply Now
  • Divisions
    • Builder Division – New Home Financing
    • CU Lending Division
  • PFG Blog
  • Contact
  • Do Not Sell My Information

Home Prices Have Appreciated 6.9% in 2018

September 12, 2018 By Pacific Funding Group

Home Prices Have Appreciated 6.9% in 2018 | Simplifying The Market

Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey .

Every month, the economists at CoreLogic release the results of their Home Price Insights Report , which includes the actual year-over-year change in prices across the country and their predictions for the following year.

The chart below shows the forecasted year-over-year prices for 2018 (predictions made in 2017). According to their predictions, the average appreciation over the course of 2018 should be 4.8%, which is still greater than the ‘normal’ appreciation of 3.6%.

Home Prices Have Appreciated 6.9% in 2018 | Simplifying The Market

If we layer in the actual price appreciation that has occurred this year, we can see that over the course of 2018, home prices have appreciated by an average of 6.9% and have outpaced projections all year!

Home Prices Have Appreciated 6.9% in 2018 | Simplifying The Market

What does this mean?

The tale of today’s real estate market is one of low inventory, high demand, and rising prices. The forces at work can be simply explained with the theory of supply and demand . That being said, if a large supply of inventory were to come to the market, prices may start to appreciate closer to the forecasted rate which would STILL be greater than the historic norm!

Bottom Line

If you are a homeowner whose house no longer meets your needs, now may be a great time to list your home and capitalize on the equity you have gained over the last year to make a significant down payment on your next home!

Filed Under: PFG Blog

Primary Sidebar

Prequalify for A Loan Today!

Complete this form and get prequalified for a loan in 2 minutes!

  • By clicking the "Get My Free Quote!" button, I acknowledge that I agree to receive a phone call from 1 Loan Specialist at Pacific Funding Group at the number provided. Consent is not a condition in order to qualify for a loan. Your information will never be shared with any third party. Ever. 128 bit Encryption.

Footer

Walnut Creek

1261 Locust St #2424
Walnut Creek, Ca. 94596

Walnut Creek

325 N. Wiget Lane STE 130
Walnut Creek, Ca. 94598

Antioch

5123 Lone Tree Way
Antioch, Ca. 94531

Loan Programs

  • Home Mortgage Loans
  • Loans For Our Heroes
  • FHA Loans
  • Home Loans
  • Reverse Mortgage Loan

Home | About | Calculators | Loan Programs | Mortgage FAQs | Fair Lending Statement | Apply Now | Loan Lock Form

Copyright © 2023 · All Rights Reserved · Privacy Policy · Pacific Funding Group · Site by Clifton Creative Web

Equal Housing Opportunity Lender. Not a commitment to lend. Rates and programs are subject to change. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. AGV Grouppe, Inc. dba CU Lending; Pacific Funding Group | 1261 LOCUST ST #2424 WALNUT CREEK, CA 94598 | DRE License ID: 01796227 | NMLS ID:2258009

equal housing opportunity logo