Specializing in Chesterfield VA Real Estate Services

Home Price Deceleration Doesn’t Mean Home Price Depreciation

Experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here’s a look at a few terms you may hear:

Appreciation is when home prices increase.
Depreciation is when home prices decrease.
Deceleration is when home prices continue to appreciate but at a slower pace.

Let’s connect. Wes Estes RE/MAX 804-681-0269 or send me an email to wes@teamestes.com

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