Home value appreciation slowing down
By Kelsey Ramírez | HousingWire
Homeowners are waiting longer to see their purchase break even as home value appreciation slows down from its rapid growth, according to the Q4 2016 Zillow Breakeven Horizon.
Across the nation, the time it takes to break even on a home increased one month from one year and 10 months in the fourth quarter 2015 to one year and 11 months in 2016, but some markets were much more pronounced.
When home values grow quickly, home equity also accumulates faster, helping to offset and eventually recoup the large upfront costs of buying a home more quickly. Some metros, especially those in the San Francisco Bar Area, saw a slow-down in home value growth this year.
