Sellers: Make Today’s Home Price Appreciation Work for You

<article class="post-2293 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-2293"><span class="entry-date">August 4, 2021</span><div class="entry-header center-block text-center"><h1 class="entry-title">Sellers: Make Today’s Home Price Appreciation Work for You</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=Sellers%3A+Make+Today%E2%80%99s+Home+Price+Appreciation+Work+for+You&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fsellers-make-todays-home-price-appreciation-work-for-you%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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<p>Home prices continue to rise as we move through the summer, and that’s good news for <a href="https://www.simplifyingthemarket.com/2021/07/12/4-major-incentives-to-sell-this-summer/?a=712984-fa409495d5d70154d03a25e81e9540e2">sellers</a> who are looking to maximize their home’s potential. If you’re on the fence about whether to list your house now or later, the question you should really ask is: will this price appreciation last?<span id="more-44866"></span></p>
<h4><strong>Here’s what three leading industry experts have to say about what lies ahead:</strong></h4>
<h5>
<a href="https://www.nar.realtor/newsroom/existing-home-sales-expand-1-4-in-june">Lawrence Yun,</a> Chief Economist, <em>National Association of Realtors </em>(NAR):</h5>
<blockquote>
<p><em>“At a broad level, <strong>home prices are in no danger of a decline</strong> due to tight inventory conditions, <strong>but I do expect</strong> <strong>prices to appreciate at a slower pace by the end of the year</strong>.”</em></p>
</blockquote>
<h5>
<a href="https://www.corelogic.com/intelligence/find-stories/us-sp-corelogic-case-shiller-rockets-to-16-6-reaches-new-records/">Selma Hepp</a>, Deputy Chief Economist, <em>CoreLogic</em>:</h5>
<blockquote>
<p><em>“The imbalance between robust demand and dismal availability of for-sale homes has led to a continual bidding over asking prices, which reached record levels in recent months . . . . Nevertheless, with more new listings and new home construction, <strong>home price acceleration that has built momentum, and continues to reach new highs, will likely slow later this summer but remain in double digits</strong>.”</em></p>
</blockquote>
<h5>
<a href="https://www.bloomberg.com/news/articles/2021-07-22/u-s-mortgage-rates-slide-to-lowest-in-more-than-five-months?sref=BRvilyBN">George Ratiu</a>, Chief Economist, <em>realtor.com</em>:</h5>
<blockquote>
<p><em>“<strong>Many sellers are going to take advantage of higher prices</strong>. This summer is going to signal the move to the next chapter, and <strong>this will very much be the year they’re going to put their home on the market</strong>.”</em></p>
</blockquote>
<h4><strong>What It Means for You:</strong></h4>
<p>The experts agree that the summer months give sellers a great opportunity to capitalize on today’s home prices. And while prices aren’t expected to depreciate, the rise in prices is forecast to moderate over <a href="https://www.simplifyingthemarket.com/2021/07/06/a-look-at-home-price-appreciation-through-2025/?a=712984-fa409495d5d70154d03a25e81e9540e2">the next few years</a>. That means selling your house today could set you up for a bigger win.</p>
<h3><strong>Bottom Line</strong></h3>
<p>Listen to the experts. If you’re ready to make a move, let’s connect to discuss <a href="https://www.simplifyingthemarket.com/2021/07/08/selling-your-house-make-sure-you-price-it-right/?a=712984-fa409495d5d70154d03a25e81e9540e2">selling your house</a> sooner rather than later so you can take advantage of today’s home price appreciation before it moderates.</p>
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