inception-app-prod/OGU0MjQ4NjMtYzFmNC00NzQyLTljZmUtZjc3Y2YwZGJmNmFi/logo/2020/05/website-header-logo.png
Your Real Estate Resource!
  • Bast Real Estate
    • Who Are We
    • Meet The Team
    • What Our Clients Are Saying
  • Buyers
    • Buyer’s Guide
    • Community Links
    • Homes For Sale By City
    • Our Featured Listings
    • Temecula Home Inventory $450k>
    • Meadowview Equestrian Community, Temecula
  • Sellers
    • Seller’s Guide
    • What’s My Home REALLY Worth?
    • Short Sales
  • Real Estate Resource
    • Blog
    • MVP
    • Real Estate Videos…To Keep You In The Know
    • COVID-19 Resources
    • Our Preferred Vendors
    • Community Links
    • Your Southern California Referral Partner
  • Let’s Talk Real Estate – Contact
Jeff & Stephanie Bast
01291224 | 01878816
951.264.8360
951.264.8387
bastteam@bastrealestate.com
Sign In
Sign Up
inception-app-prod/OGU0MjQ4NjMtYzFmNC00NzQyLTljZmUtZjc3Y2YwZGJmNmFi/logo/2020/05/website-header-logo.png
Your Real Estate Resource!
  • Bast Real Estate
    • Who Are We
    • Meet The Team
    • What Our Clients Are Saying
  • Buyers
    • Buyer’s Guide
    • Community Links
    • Homes For Sale By City
    • Our Featured Listings
    • Temecula Home Inventory $450k>
    • Meadowview Equestrian Community, Temecula
  • Sellers
    • Seller’s Guide
    • What’s My Home REALLY Worth?
    • Short Sales
  • Real Estate Resource
    • Blog
    • MVP
    • Real Estate Videos…To Keep You In The Know
    • COVID-19 Resources
    • Our Preferred Vendors
    • Community Links
    • Your Southern California Referral Partner
  • Let’s Talk Real Estate – Contact
inception-app-prod/OGU0MjQ4NjMtYzFmNC00NzQyLTljZmUtZjc3Y2YwZGJmNmFi/logo/2020/05/website-header-logo.png
Your Real Estate Resource!
inception-app-prod/OGU0MjQ4NjMtYzFmNC00NzQyLTljZmUtZjc3Y2YwZGJmNmFi/content/2019/02/Share-KCM6.jpg

No Worries… Home Prices Coming in for a SOFT Landing

inception-app-prod/OGU0MjQ4NjMtYzFmNC00NzQyLTljZmUtZjc3Y2YwZGJmNmFi/content/2021/02/teampicjeffandsteph-4.jpg
Jeff & Stephanie Bast,02/28/2019

Home prices have appreciated considerably over the last five years. This has some concerned that we may be in for another dramatic correction. However, recent statistics suggest home values will not crash as they did a decade ago. Instead, this time they will come in for a soft landing.

The previous housing market was fueled by an artificial demand created by mortgage standards that were far too lenient. When this demand was shut off, a flood of inventory came to market. This included heavily discounted distressed properties (foreclosures and short sales).

Today’s market is totally different. Mortgage standards are tighter than they were prior to the last boom and bust. There is no fear that a rush of foreclosures will come to market. The Mortgage Bankers’ Association just announced that foreclosures are lower today than at any time since 1996.

Case Shiller looks at the percentage of appreciation as compared to the same month the year prior. Here is a graph of their findings over the last ten months:

No Worries… Home Prices Coming in for a SOFT Landing | MyKCM

 

As we can see, home price appreciation is softening as more inventory comes to market. This shows that real estate prices are not crashing, but merely returning toward historic appreciation numbers of 3.6% annually.

Bottom Line

Home prices are leveling off. Long term, that is a good thing for the housing market.

Print Details
Previous post
Next post
Interest Rates Hit New 12 Month Low!
The Housing Market Will “Spring Forward” This Year!

Search listings

Enter city, zip, neighborhood, address…
Loading in progress…
No results found
Type in anything you’re looking for
Search

Let's Talk Real Estate..

Tell us how we can serve you better today. Are you thinking of selling/purchasing a home or just curious?
SEND
Submitting
Oops! Error occurred.

Office

Bast Real Estate Sales & Consulting @ KW
27290 Madison Av Ste 200Temecula
CA 92590 | DRE Lic# 01411306
951.264.8360
951.264.8387
bastteam@bastrealestate.com

About us

  • Bast Real Estate
  • Who Are We
  • Buyers
  • Sellers
  • Blog
  • Let’s Talk Real Estate – Contact
  • MVP
  • Real Estate Resource

Consumer Protection & Privacy

  • Accessibility
  • DMCA Compliance
For ADA assistance, please email compliance@placester.com. If you experience difficulty in accessing any part of this website, email us, and we will work with you to provide the information.
inception-app-prod/OGU0MjQ4NjMtYzFmNC00NzQyLTljZmUtZjc3Y2YwZGJmNmFi/logo/2020/05/website-header-logo.png

© 2021 All rights reserved

Created with Placester

Sign in

Sign In
Forgot your password?
Create an account
You have been successfully logged in
The page will reload automatically.
Go to the homepage
Sorry something went wrong
Login or password are incorrect. Please try again.
Try again

Sign Up

Sign Up
Already a User? Sign In
You have been successfully registered
Please check your email.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Reset password

Reset password
Return to Log In
Reset password email has been sent.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Change password

Change password
Sign Up
Your password has been successfully reseted.
Go to the homepage
Sorry something went wrong
Please try again.
Try again
Send
Success! Your message was sent!
Back to homepage
Oops! Error occurred.
Please try again.
Back to form
Already a User? Sign In

Account verification in progress

Account Verified!
You may now log in into your account
Go to the homepage
Error
Please try again.
Go to the homepage

Share this listing

Copy Link