There is much discussion right now about how the price of a home is appreciating. In spite of headlines about continued price appreciation, some sellers are lowering the price of their houses. If the situation becomes confusing and difficult to understand, it can become difficult to gain a clear understanding.
It is sometimes difficult to understand the meaning of what experts are saying when they use similar words. Let us examine the differences among these terms so we can become more clear about what experts say.
Appreciation is when home prices increase.
Depreciation is when home prices decrease.
Deceleration is when home prices continue to appreciate at a slower or more moderate pace.