06/21/2022
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We use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here’s a look at a few terms you may hear:
🏠 Appreciation is when home prices increase.
🏠 Depreciation is when home prices decrease.
🏠 Deceleration is when home prices continue to appreciate, but at a slower pace.
We forecast price deceleration, not depreciation. That means home prices will continue to rise, just at a slower pace. Connect with us today to get a full picture of what’s happening with home prices in our local market and to discuss your buying and selling goals. 📲 678-232-5864