58% of Homeowners See a Drop in Home Values Coming

58% of Homeowners See a Drop in Home Values Coming | Simplifying The Market

According to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years.

After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this market has very little in common with what happened last decade.

The two major causes of the housing crash were:

  1. A vast oversupply of housing inventory caused by home builders building at a pace that far exceeded historical norms.
  2. Lending standards that were so relaxed that unqualified buyers could easily obtain financing thus enabling them to purchase a home.

Today, housing inventory is at a 20-year low with new construction starts well below historic norms and financing a home is anything but simple in the current mortgage environment. The elements that precipitated the housing crash a decade ago do not exist in today’s real estate market.

The current increase in home prices is the result of a standard economic equation: when demand is high and supply is low, prices rise.

If you are one of the 58% of homeowners who are concerned about home values depreciating over the next two years and are hesitant to move up to the home of your dreams, take comfort in the latest Home Price Expectation Survey.

Once a quarter, a nationwide panel of over one hundred economists, real estate experts and investment & market strategists are surveyed and asked to project home values over the next five years. The experts predicted that houses would continue to appreciate through the balance of this year and in 2018, 2019, 2020 and 2021. They do expect lower levels of appreciation during these years than we have experienced over the last five years but do not call for a decrease in values (depreciation) in any of the years mentioned.

Bottom Line

If you currently own a home and are thinking of moving-up to the home your family dreams about, don’t let the fear of another housing bubble get in the way as this housing market in no way resembles the market of a decade ago.

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4838 S Emery Circle Mesa, AZ 85212

$604,900
5 Beds
2.5 Baths
2,747 SqFt
Status Active
MLS # 6761046
Property Type Single Family Residence
Price Type --
Located in East Mesa's Elliot Tech Corridor, 5 bedroom, 2 1/2 baths. Master and Secondary Baths beautifully remodeled, Master with Separate Tub, Shower and Dual Sinks. 2 New 18 Seer AC's with Heat Pumps and R49 Attic Insulation. Too many improvements to list. Kitchen Granite Counter tops with new Stainless Steel Dual Oven and Dishwasher. 6'' Floor Molding through out First Floor. Fireplace in Living Room. Gorgeous Backyard, Recently Resurfaced Self Cleaning Pepple Tec Pool with Waterfall. Extended Covered Paver Patio and Putting Green. RV Gate and Storage Shed as well. Water Softener and Reverse Osmosis.

295 W Oriole Way Chandler, AZ 85286

$604,500
4 Beds
2 Baths
1,792 SqFt
Status Active
MLS # 6772157
Property Type Single Family Residence
Price Type --
Welcome to this stunning 4-bedroom, 2-bathroom home in Chandler, where every detail has been thoughtfully crafted for both style and comfort. The heart of the home is the open-concept kitchen, boasting sleek quartz countertops and crisp white cabinetry that seamlessly flows into a charming fireplace accent wall—an ideal space for entertaining guests or cozy family nights. The spacious layout offers an inviting atmosphere, perfect for gatherings or relaxed evenings at home. The luxurious primary suite offers a serene retreat, featuring a beautifully tiled shower, a soaking bathtub, and a double vanity with modern finishes, creating a spa-like experience in your own home. Step outside to your private outdoor oasis, complete with a pebble tech pool and a cozy fire pit, perfect for enjoying - cool Arizona evenings under the stars. Whether you're hosting a barbecue or simply relaxing, this backyard is designed for both fun and relaxation. For the environmentally conscious, the home is equipped with an EV car charger, offering convenience and efficiency. Plus, the entire front of the house is adorned with custom Oelo lighting, making holiday decorating easy and giving your home a festive glow for any occasion. This home truly has it all, blending modern upgrades with timeless charm in one of Chandler's most desirable locations. Don't miss your chance to make this exceptional property yours!

5862 E Julep Street Mesa, AZ 85205

$604,000
4 Beds
2 Baths
2,123 SqFt
Status Active
MLS # 6774298
Property Type Single Family Residence
Price Type --
Well cared for 4 bedroom in desired Alta Mesa Community: walking distance to schools. Min to 202/60; Mesa Community College, shopping; multiple golf courses. Opt. office in addition to bedrooms. Open floorplan, tile; wood floors in formal dining and living area, vaulted ceilings; shutters throughout. Spacious living rm; updated kitchen with quartz countertops, large island with seating, farmhouse sink, stainless appliances, walk in pantry; breakfast nook. Large primary bedroom: with sitting area, entrance to covered patio; pool. Remodeled primary bathroom: granite, custom cabinets, freestanding tub, frameless shower; barn door to walk in closet. Inviting private backyard features: swimming pool with waterfall; artificial grass. New Roof 2017; Solar Panels 2022, owned, warranty transfers. Dishwasher; microwave; pool robot replaced 2024

13382 W Blackstone Lane Peoria, AZ 85383

$604,000
2 Beds
2 Baths
1,752 SqFt
Status Active
MLS # 6754736
Property Type Single Family Residence
Price Type --
BEAUTIFULLY upgraded VIBRANT shows Pride of Ownership is move-in ready for you! This lovely home w/NEUTRAL palette thru-out features w/WIDE PLANK tile flooring, split tilt PLANTATION shutters, WALL OF GLASS in Great Rm opens to the PROFESSIONALLY designed R/yard with built-in BBQ, gas FIREPIT, ext. PAVER patio & ARTIFICIAL turf! Gorgeous kitchen features HIGH-END cabinetry, GOURMET GE appliances: w/5 burner COOKTOP, built-in OVEN & SS/MONOGRAM hood. GRANITE c-tops & TILE b-splash complete the space. Primary suite/bath features SOLID core barn door w/full LENGTH mirror, dbl. vanities, UPGRADED shower w/DESIGNER tile, HEAVY glass door & SPACIOUS walk-in closet! Guest bath w/CHEVRON tile pattern, heavy GLASS door & Granite c-top. Spacious Den w/built-in cabinets for add'l storage needs. Laundry room includes upper cabinets & laundry tub. Garage features a 4 foot extension and add'l storage area large enough for golf cart, hobby space or sports equipment. Versatrack hanging wall storage. Additional home upgrades: Professionally landscaped front/year yard including paver walkway, wrought iron fencing in rear yard w/snake fencing, raised garden bed, French drains, PVC irrigation w/poly at hubs to plants, Meyer Lemon & Key Lime fruit tree. 4 large pots on drippers w/wall mounted trellis at front entryway. Owned water softener, great room pre-wired for surround sound including rear patio. Under-cabinet lighting kitchen cabinets, recycle center, custom pullouts, soft close drawers, GE French door refrigerator, LG front loader washer/dryer convey with home. TRILOGY AT VISTANCIA is a resort style 55+ active adult community in NW Peoria. Trilogy has 2 beautiful clubhouses, 2 heated outdoor pools, 1 heated indoor lap pool, 2 fitness centers, fitness classes, tennis courts, pickleball courts and bocce ball courts. Beautifully designed Gary Panks 18 hole Championship Golf Course including V's Taproom. Trilogy offers numerous fitness classes, hosted lifestyle events/trip and numerous clubs ie: STEM Club, History Club, Women's Club, Veteran's Club, Wine Club, Pickleball & Car Club just to name a few! ENJOY THE GOOD LIFE at TRILOGY VISTANCIA!

3213 W San Cristobal Road Queen Creek, AZ 85144

$603,401
4 Beds
3 Baths
2,357 SqFt
Status Active
MLS # 6672892
Property Type Single Family Residence
Price Type --
Beautifully Landscaped Master Planned Community by Fulton Homes. Located within minutes of major shopping, restaurants, and freeways. Promenade is at the base of the San Tan Mountains. There are Six Parks throughout the community, one of which is an Aquatic Center with a 7,400 square foot pool. Full basketball and sand volley ball courts. Bocce ball court, pickle ball court, and corn hole are available. Ramada's, Tot Lots, BBQ's, an entry waterfall, and acres of landscaped and grass areas make Promenade your Oasis in the Desert. We look forward to meeting you soon.

7606 W Smoketree Drive Peoria, AZ 85383

$602,990
3 Beds
2.5 Baths
1,953 SqFt
Status Active
MLS # 6784466
Property Type Single Family Residence
Price Type --
Discover the exquisite Larkspur floorplan in this stunning single-story home, offering 1,953 sq. ft. of elegant living space. This thoughtfully designed residence features 3 spacious bedrooms, 2.5 modern baths, and a versatile den, perfect for a home office or entertainment area. The heart of the home is the stylish kitchen, complete with sleek gray cabinets, a stainless steel sink tub, and a striking granite island—ideal for entertaining. Enjoy the seamless flow of gray-brown plank tile throughout, enhancing the modern aesthetic. Step outside to relax on the covered patio, perfect for enjoying morning coffee or evening gatherings. The attached two-car garage provides ample storage and convenience.

16109 W Mohave Street Goodyear, AZ 85338

$602,500
4 Beds
3.5 Baths
2,959 SqFt
Status Active
MLS # 6703414
Property Type Single Family Residence
Price Type --
Enjoy this HOT summer swimming with friends and family! This Beautiful 4 bedroom, 3.5 bath, 3 car garage, RV Gate home is a steel! Don't miss out on this 12,916 Sqft Lot!

10195 S Bickwell Trail Apache Junction, AZ 85120

$602,368
5 Beds
4 Baths
3,094 SqFt
Status Active
MLS # 6739955
Property Type Single Family Residence
Price Type --
Discover a unique home and buying experience at Laurel at Blossom Rock! This 2-story Heritage design is currently under construction and features a spacious, open-concept floorplan. The inviting kitchen flows seamlessly into a bright great room that opens to a private, covered outdoor space, perfect for relaxing or entertaining. The 3-car garage includes a convenient drop zone, and the home offers 5 bedrooms, 4 bathrooms, a great room, and a kitchen with an island. Plus, $42,000 in premium upgrades are already included, and special financing options are available. The home is anticipated to be completed by September. Blossom Rock is designed for outdoor living, with community parks, miles of scenic trails, beautiful lakes, and signature events that bring the community together.

24422 N 142nd Avenue Surprise, AZ 85387

$602,022
4 Beds
3 Baths
2,812 SqFt
Status Active
MLS # 6786907
Property Type Single Family Residence
Price Type --
MLS#6786907 December Completion. Discover the expansive 50RM4 floor plan at Ravenna at Rancho Mercado, designed to elevate your lifestyle. At the heart of this inviting home, a spacious gathering area flows effortlessly into the dining space and a modern kitchen, complete with a central island and a walk-in pantry for added convenience. The adjoining covered back patio offers a tranquil retreat, ideal for outdoor dining or relaxing evenings. The luxurious primary suite is a true haven, featuring dual vanities, a soaking tub, a separate shower, and an oversized walk-in closet. This thoughtful layout also includes a versatile flex room, perfect as a home office or study, and a dedicated teen room adaptable to your unique needs. Structural options include: teen room, 15' x 8' sliding glass door, garage service door, alternative A/C location, and gourmet kitchen.

264 E Citrus Hollow Way Queen Creek, AZ 85140

$600,741
2 Beds
2.5 Baths
1,678 SqFt
Status Active
MLS # 6659762
Property Type Townhouse
Price Type --
This brand new Valletta model is move-in ready! It features a spacious layout with plenty of natural light. The kitchen is fully equipped with stainless steel appliances and granite countertops. It has a gourmet kitchen, gas cooktop and will be the perfect place to entertain your guests. Both bathrooms are highly upgraded with tile surround and upgraded fixtures. The resort collection at Encanterra offers you the perfect balance if you are a seasonal owner or full time. Book your tour today and start living the good life at Encanterra now!

4284 Ponderosa Trail Wickenburg, AZ 85390

$600,721
3 Beds
2 Baths
1,828 SqFt
Status Active
MLS # 6770314
Property Type Single Family Residence
Price Type --
Welcome to the Flourish floor plan in the Homestead neighborhood, a stunning designer home crafted by the Shea interior design team. This 2 bed, 2 bath home features GE Profile electric built-in appliances & brushed nickel accents throughout. Enjoy upgraded framed mirrors & heavy glass enclosures at both baths, along with upgraded quartz countertops & custom tile mosaics. The kitchen boasts full overlay cabinets, cabinet pullouts, under-cabinet lighting, & a 15ft sliding glass wall in the living room. Additional features include upgraded electrical, extended covered patio, 4ft garage extension, $23k in tile flooring, & nearly $30k in custom landscaping. Visit the Shea sales office for current incentives.

11620 N 170th Avenue Surprise, AZ 85388

$600,539
3 Beds
2.5 Baths
2,467 SqFt
Status Active
MLS # 6720741
Property Type Single Family Residence
Price Type --
MLS#6720741 January 2025 Completion! The Appaloosa floorplan at Paradisi offers 2,467 sq. ft. of living space, featuring 3 bedrooms, 2.5 bathrooms, a 2.5-car garage, and a study. Upon entering the foyer, you'll find secondary bedrooms on one side and a study on the other. Moving further, a stunning courtyard surrounded by your home offers privacy for relaxing or hosting. The open-concept gathering room, kitchen, and dining area form the heart of the home. The owner's suite is separate from the secondary bedrooms, boasting split vanities and a walk-in closet. Enjoy a perfect blend of functionality and elegance in this thoughtfully designed home. Structural options include: paver courtyard, 15' x 8' sliding glass door, upgraded square corners, and rain shower in primary bath.

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