CENTURY 21 Ed Pariseau, Realtors

Real Estate in the Attleboro area

  • For Sellers
    • AboutAbout the company
    • Proper PricingPricing Properties
    • Marketing Your HomeHome Marketing
    • Our CommunitiesCommunity Information
    • Market ConditionsLocal Market conditions
      • North Attleboro Monthly Market UpdateNorth Attleboro
      • Attleboro Monthly Market UpdateAttleboro
  • Careers
  • For Buyers
    • About UsAbout the company
    • CommunitiesOur Communities
      • PlainvilleTown of plainville
      • North AttleboroTown of north attleboro
      • AttleboroCity of attleboro
      • South AttleboroSouth Attleboro info
      • MansfieldTown of mansfield
      • FoxboroTown of foxboro
    • AdviceAdvice for buyers and sellers
      • Myth vs Fact: Home Buyinghome buying myths and facts
      • Shopping for a Home?home searching
      • How Much do You Offer?How much to offer
      • Open House Advice for BuyersVisiting open houses
    • Market ConditionsLocal market conditions
      • Attleboro Monthly Market UpdateMarket update for attleboro
      • North Attleboro Monthly Market UpdateMarket update for North attleboro
  • List a Property
  • Featured Listings
  • Our Rentals
  • Open Houses
    • Our Open HousesCENTURY 21 ED Pariseau Realtors Open houses
    • Local Open HousesLocal area Open houses
    • North Attleboro Open HousesNorth attleboro open houses
      • Attleboro Open Housesattleboro open houses
  • Blog
  • Listing EmailsGet Listings Sent To Your Inbox
  • Meet the TeamMeet the CENTURY 21 Ed Pariseau, Realtors Team
  • Home Valuationget a Free home valuation

Will Home Values Appreciate or Depreciate in 2020?

May 11, 2020 by CENTURY 21 Ed Pariseau, Realtors

Will Home Values Appreciate or Depreciate in 2020? | Simplifying The Market

With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item.

Each month the National Association of Realtors (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for the REALTORS Confidence Index.

Their latest edition sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand) during this pandemic.

Buyer Demand

The map below was created after asking the question: “How would you rate buyer traffic in your area?”Will Home Values Appreciate or Depreciate in 2020? | Simplifying The MarketThe darker the blue, the stronger the demand for homes is in that area. The survey shows that in 34 of the 50 U.S. states, buyer demand is now ‘strong’ and 16 of the 50 states have a ‘stable’ demand.

Seller Supply

The index also asks: “How would you rate seller traffic in your area?”Will Home Values Appreciate or Depreciate in 2020? | Simplifying The MarketAs the map above indicates, 46 states and Washington, D.C. reported ‘weak’ seller traffic, 3 states reported ‘stable’ seller traffic, and 1 state reported ‘strong’ seller traffic. This means there are far fewer homes on the market than what is needed to satisfy the needs of buyers looking for homes right now.

With demand still stronger than supply, home values should not depreciate.

What are the experts saying?

Here are the thoughts of three industry experts on the subject:

Ivy Zelman:

“We note that inventory as a percent of households sits at the lowest level ever, something we believe will limit the overall degree of home price pressure through the year.”

Mark Fleming, Chief Economist, First American:

“Housing supply remains at historically low levels, so house price growth is likely to slow, but it’s not likely to go negative.”

Freddie Mac:

“Two forces prevent a collapse in house prices. First, as we indicated in our earlier research report, U.S. housing markets face a large supply deficit. Second, population growth and pent up household formations provide a tailwind to housing demand.”

Bottom Line

Looking at these maps and listening to the experts, it seems that prices will remain stable throughout 2020. If you’re thinking about listing your home, let’s connect to discuss how you can capitalize on the somewhat surprising demand in the market now.

Powered by WPeMatico

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Related

Filed Under: Blog

Follow Us on Twitter

My Tweets

Lead Sign Up

Home Matters Blog

  • It’s a Sellers’ Market [INFOGRAPHIC]
  • Are There Going to Be More Homes to Buy This Year?
  • How Much Leverage Do Today’s House Sellers Have?
  • The Reason Mortgage Rates Are Projected to Increase and What It Means for You
  • Where Have All the Houses Gone?

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 5 other subscribers

Current Market Report

Follow Us

Follow Us

Turn Key Theme

© 2021 Century 21 Real Estate LLC. All rights reserved.
CENTURY 21&reg and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC.
Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office is Independently Owned and Operated.
Listing information is deemed reliable but is not guaranteed accurate.
Digital Millennium Copyright Act ("DMCA")

Log in