Home Value Growth Easing to Pre-Pandemic Levels

Dated: September 23 2022

Views: 78

https://images.totalexpert.net/userfiles/25070/mktimages/5586c13cf4b8d1c20.png" align="center" id="m_6273318169246049007iv0xwt" width="368" class="CToWUd a6T" data-bit="iit" style="cursor: pointer; outline: none 0px; width: 368px; max-width: 100%; clear: both; display: block; margin: 0px auto; float: none; min-width: 0px;" tabindex="0" />

Home values nationwide are returning to 'normal' after two years of unprecedented growth, based on a new report from Zillow. Specifically, the increase in value for the typical U.S. home has been decelerating by the month, from a peak of 1.9% in April to 1.2% in May and .8% in June.

These monthly adjustments may benefit homebuyers whose purchasing power is finally on the rise. That's after double-digit annual increases bumped the value of the typical home up 16% year over year – and a staggering 44.5% since 2019.

source: themreport.com

Blog author image

Rosario & Donna Panzarella

Your Real Estate Journey. Streamlined with Dual Expertise.At TrueNorth Group, we're more than just a real estate team—we’re a fully licensed duo in both real estate and mortgage lending, o....

Latest Blog Posts

Selling in a Winter Wonderland

Spring gets all the attention, but it’s not always the best time to sell a house. Yes, more buyers show up, but so do a lot of other sellers.Winter is different. With fewer homes on the

Read More

Your House Is High on Every Buyer’s Wish List This Season...Here's Why

When the holidays roll around, travel plans, family gatherings, and all the chaos of the season may make you think it’s better to pull your listing off the market or to wait until 2026 to 

Read More

The VA Home Loan Advantage: What Every Veteran Needs To Know...

If you’ve served in the military (or if your spouse has), you have access to one of the most powerful homebuying tools out there. The chance to buy a home without having a down payment

Read More

Today's Mortgage Rates Aren't Scary...We Would Know :)

Mortgage rates have been the monster under the bed for a while. Every time they tick up, people flinch and say, “Maybe I’ll wait.” But here’s the twist. Waiting for

Read More