The Case-Shiller Home Price Index, which tracks changes in residential home prices across the US, reported that nationwide homes appreciated 5.8% in August, down from 6.0% in July.
Don’t let the negative media deter your clients away from a significant financial opportunity in Real Estate. Remember a deceleration in appreciation is very different from declining home prices.
Ex. A $350,000 home today at a 5.8% rate of appreciation would be worth $370,300 next year…a gain of over $20,000.