Which Homes Have Increased in Value the Most?
Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 5.6%. CoreLogic, in their most recent Home Price Index Report, revealed that national home prices have increased by 6.7% year-over-year.
CoreLogic broke appreciation down ever further into four price ranges which gives a more detailed view than simply looking at the year-over-year increases of the national median home price.
The chart below shows the four tiers and each one’s growth from July 2016 to July 2017 (the latest data available).
It is important to pay attention to how prices are changing in your local market. The location of your home is not the only factor in determining how much it has appreciated over the course of the last year. Lower priced homes have appreciated at greater rates than homes at the upper ends of the spectrum, due to demand from first-time home buyers and baby boomers looking to downsize.
Bottom Line
If you are planning on listing your home for sale in today’s market, let’s get together to go over exactly what’s going on in your area and your price range.
To see original article please visit Keeping Current Matters.
Don’t Let These Two Concerns Hold You Back from Selling Your House
Working with a local real estate agent is the best way to see what inventory trends look like in your area.
More Homes, Slower Price Growth – What It Means for You as a Buyer
Having a real estate agent who knows the local area can be a big advantage when you start the buying process.
What’s Motivating Homeowners To Move Right Now
Selling your home isn’t just about market conditions or mortgage rates—it’s also about making the best decision for your lifestyle and future.
The Majority of Veterans Are Unaware of a Key VA Loan Benefit
VA home loans are designed to make homeownership a reality for those who have served our country.
Renting vs. Buying: The Net Worth Gap You Need To See
If you’re on the fence, it may be helpful to speak with a local real estate agent. They can help you weigh your options.
Expect the Unexpected: Anticipating Volatility in Today’s Housing Market
Understanding what’s happening will help you make the right decisions, whether that’s buying or selling.
Is a Fixer Upper Right for You?
The perfect home is the one you perfect after buying it. With careful planning, budgeting, and a little bit of vision, you can turn a house that needs some love into your perfect home.
How Real Estate Agents Take the Fear Out of Moving
Real estate agents are trusted guides to help you navigate the complexities of the housing market with confidence and ease.
Why Home Sales Bounce Back After Presidential Elections
As has been the case before, once the election uncertainty passes, buyers and sellers will return to the market.
Why Your House Will Shine in Today’s Market
If you’re thinking about selling, the shortage of homes for sale means your house is likely to get some serious attention from buyers.