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The Truth About the Market: Home Values Appreciate by 4% Annually

While it may seem crazy, appreciation is on trend with the last 30 years.

The real estate market can be a wild ride, with people on one end saying they can’t believe the high prices, while others warn of an impending crash. However, data from the National Association of Realtors shows that in the U.S., home values have been appreciating at a steady rate of 4% per year for the past 30 years. Despite the recent surge in home values, we are still on track with this trend.

“The real estate market can be a wild ride.”

While home prices did drop below this trend line from 2008 to 2012, recent years have seen impressive growth, with values appreciating by 9%, 18%, and 10% in 2020, 2021, and 2022, respectively. Yet, these increases have only brought us back to the 4% trend line. So, while the market may seem crazy right now, the data suggests that prices are likely to remain steady in the future.

If you’re feeling overwhelmed by the current real estate market, the Josh Vernon Group is here to help. Our goal is to assist you in navigating these wild fluctuations and answering any questions you may have. So, whether you’re looking to make an offer or wait it out, rest assured that we are here to guide you every step of the way. If you have any questions about home appreciation or real estate in general, please feel free to reach out to us by phone or email, and we’ll be happy to help you.

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