• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Accessibility Statement

Follow Us on FacebookFollow Us on TwitterFollow Us on InstagramFollow Us on YouTubeRSS Feed

Kimberly Howell Properties

San Antonio Real Estate

office@kimberlyhowell.com
(210) 493-6888
  • Blog
  • About Us
  • Agents
  • Buyers
    • Neighborhoods
    • Relocation Information
  • Sellers
  • Listings
    • Available Rentals
    • Homes for Sale
    • McNair Custom Homes
    • Open Houses
  • Contact
  • Rental SearchHomes for Rent
  • REALTORS®Find an Agent
  • McNair Custom HomesNew Construction
  • Property SearchHomes for Sale
You are here: Home / Archives for economy

economy

What You Need To Know About Home Prices

December 24, 2022 by khproperties Leave a Comment

If you’re trying to decide whether or not to sell your house, recent headlines about home prices may be top of mind. And if those stories have you wondering what that means for your home’s value, here’s what you really need to know.

Home Prices

 

What’s Really Happening with Home Prices?

It’s possible you’ve seen news stories mentioning a drop in home values or home price depreciation, but it’s important to remember those headlines are designed to make a big impression in just a few words. But what headlines aren’t always great at is painting the full picture.

While home prices are down slightly month-over-month in some markets, it’s also true that home values are up nationally on a year-over-year basis. The graph below uses the latest data from S&P Case-Shiller to help tell the story of what’s actually happening in the housing market today:

Home Price Growth

< 

As the graph shows, it’s true home price growth has moderated in recent months (shown in green) as buyer demand has pulled back in response to higher mortgage rates. This is what the headlines are drawing attention to today.

But what’s important to notice is the bigger, longer-term picture. While home price growth is moderating month-over-month, the percent of appreciation year-over-year is still well above the home price change we saw during more normal years in the market.

The bars for January 2019 through mid-2020 show home price appreciation around 3-4% a year was more typical (see bars for January 2019 through mid-2020). But even the latest data for this year shows prices have still climbed by roughly 10% over last year.

What Does This Mean for Your Home’s Equity?

While you may not be able to capitalize on the 20% appreciation we saw in early 2022, in most markets your home’s value, on average, is up 10% over last year – and a 10% gain is still dramatic compared to a more normal level of appreciation (3-4%).

The big takeaway? Don’t let the headlines get in the way of your plans to sell. Over the past two years alone, you’ve likely gained a substantial amount of equity in your home as home prices climbed. Even though home price moderation will vary by market moving forward, you can still use the boost your equity got to help power your move.

As Mark Fleming, Chief Economist at First American, says:

“Potential home sellers gained significant amounts of equity over the pandemic, so even as affordability-constrained buyer demand spurs price declines in some markets, potential sellers are unlikely to lose all that they have gained.”

If you have questions about home prices or how much equity you have in your current home, contact one of our agents and they will be happy to sit down with you and crunch the numbers.

Filed Under: Real Estate Market Tagged With: economy, home prices, appreciation, depreciation

Texas Economy Slows Growth Rate

February 1, 2016 by khproperties Leave a Comment

Slow Growth

Since 2012, the Texas economy has been on a strong path, beating US growth rates month after month, but it looks like the Texas economy has started to slow down. Since August of 2015, the Texas economy’s growth rate has dipped below the national growth rate and continued its decline through the end of the year. While the numbers are showing signs of slowing down, the comparison of Texas and the US is also being affected by growth on the national scale. From December 2014 to December 2015, the state added 169,000 nonagricultural jobs with an annual growth rate of 1.4%; the US had a growth rate of 1.9% during the same period. Nongovernment jobs shows a wider gap, with 142,800 jobs added, an annual growth rate of 1.4%, compared to the national 2.2%. During this period, Texas experienced a slight increase in its unemployment rate from 4.6% to 4.7%, which is still below the national average, which decreased from 5.6% to 5%. You can see a full breakdown of the numbers on a state level as well as by metro area in the Texas Real Estate Center at Texas A&M University’s Monthly Review of the Texas Economy (PDF file).

image courtesy of kennymatic

Filed Under: Real Estate Market Tagged With: texas, economy, growth rate

Despite Oil Concerns, Jobs Keep Coming

July 22, 2015 by khproperties Leave a Comment

Oil Refinery

Even with the oil concerns that hit the Texas economy as the oil and gas industry slowed, Texans kept a bright outlook on the future and rightfully so. In the year from June 2014 to June 2015, Texas added 276,400 nonagricultural jobs (nongovernment jobs accounted for 253,900). While the mining and logging did not add jobs over the year with the slow down, all other industry segments except manufacturing saw increases. The annual growth rate for Texas through June 2015 stands at 2.6% (private sector, nongovernment) while the nation is at 2.4%. This brings the Texas unemployment rate to 4.2%, compared with 5% at the same time last year, while the US fell from 6.1% to 5.3%.

image courtesy of Dirigentens

Filed Under: Real Estate Market Tagged With: texas, economy, oil and gas

Primary Sidebar

Confused About The Housing Market?

Confused About The Housing Market? Lean On Your Realtor

If you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how … [Read More...] about Confused About The Housing Market? Lean On Your Realtor

Homeownership Is An Investment In Your Future

Homeownership: An Investment In Your Future

There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it out. As Bob Broeksmit, … [Read More...] about Homeownership: An Investment In Your Future

Ready for Homeownership?

What You Need To Know If You’re Ready For Homeownership

If you’re a young adult, you may be thinking about your goals and priorities for the months and years ahead. And if homeownership ranks high on your goal sheet, you’re in good company. Many of your peers are … [Read More...] about What You Need To Know If You’re Ready For Homeownership

Prioritizing Your Wants and Needs

Prioritizing Your Wants And Needs As A Homebuyer

There’s no denying mortgage rates are higher now than they were last year. And if you’re thinking about buying a home, this may be top of mind for you. That’s because those higher rates impact how much it costs … [Read More...] about Prioritizing Your Wants And Needs As A Homebuyer

Winter Selling Checklist

Your Winter Home Selling Checklist

As you get ready to sell your house, add these items to your to-do list. A real estate professional will also provide other helpful tips based on your specific situation. Have questions, let us … [Read More...] about Your Winter Home Selling Checklist

Search Our Site

Real Estate Topics

  • Buying a Home
  • Homeowner Tips
  • KHP News
  • Local Events
  • Local Laws
  • Miscellaneous
  • Mortgages and Financing
  • Open Houses
  • Real Estate
  • Real Estate Market
  • Renters and Landlords
  • San Antonio Places
  • Sell Your Home
  • Technology
Our real estate agents can help you with properties anywhere in Texas. If you need assistance finding agents in other parts of the country, please contact us.

Search Homes

Explore Cities

  • Alamo Heights 36 Listings
  • Bandera 385 Listings
  • Blanco 187 Listings
  • Boerne 712 Listings
  • Bulverde 419 Listings
  • Canyon Lake 465 Listings
  • Castle Hills 22 Listings
  • Castroville 94 Listings
  • Cibolo 376 Listings
  • Comfort 59 Listings
  • Converse 671 Listings
  • Fair Oaks Ranch 54 Listings
  • Floresville 238 Listings
  • Garden Ridge 11 Listings
  • Helotes 147 Listings
  • Hill Country Village 4 Listings
  • La Vernia 172 Listings
  • Lakehills 141 Listings
  • Leon Valley 23 Listings
  • Live Oak 81 Listings
  • Mico 123 Listings
  • New Braunfels 1530 Listings
  • Olmos Park 9 Listings
  • San Antonio 10789 Listings
  • Schertz 295 Listings
  • Seguin 638 Listings
  • Selma 75 Listings
  • Shavano Park 12 Listings
  • Spring Branch 422 Listings
  • Terrell Hills 17 Listings
  • Universal City 93 Listings
  • Windcrest 32 Listings
  • Hollywood Pk 2 Listings

Stay up to date with the latest from Kimberly Howell Properties.

San Antonio real estate and property information provided by Kimberly Howell Properties. Kimberly Howell Properties does not assume any liability or responsibility for the operation or content of any of the linked resources, nor for any of the interpretations, comments, graphics, or opinions contained therein. All information deemed reliable, but not guaranteed.

KJH Properties, Inc. is a licensed real estate brokerage in the State of Texas, Equal Opportunity Employer, and supporter of the Fair Housing Act.

TREC Information About Brokerage Services | TREC Consumer Protection Notice | Privacy Policy

All content © 2009-2023 Kimberly Howell Properties, unless otherwise noted.