A Look at Home Price Appreciation and What It Means for Sellers

When you hear the phrase "home price appreciation", what does it mean to you? Through context clues alone, chances are you know it has to do with rising home prices. And as a seller, you know rising home prices are good news for your potential sale. But let's look past the dollar signs and dive deeper into the concept. To truly understand home price appreciation, you need to know how it works and why it matters to YOU. 

Compared to the normal pace of 3-5% appreciation per year, the current average forecast of nearly 11.5% is significant. For sellers, this means that with the current rise in prices, your house may be worth more than you realize. That price appreciation helps give your equity a boost.