Which Homes Have Appreciated the Most?

Keith Kreis
Published on March 17, 2017

Which Homes Have Appreciated 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 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year.

The CoreLogic report broke down appreciation even further into four different price categories:

  1. Lower Priced Homes: priced at 75% or less of the median
  2. Low-to-Middle Priced Homes: priced between 75-100% of the median
  3. Middle-to-Moderate Priced Homes: priced between 100-125% of the median
  4. High Price Homes: priced greater than 125% of the median

Here is how each category did in 2016:

Which Homes Have Appreciated the Most? | Simplifying The Market

Bottom Line

The lower priced homes (which are more in demand) appreciated at greater rates than the homes at the upper ends of the spectrum. source: www.simplifyingthemarket.com



5 Top Tips for First-Time Home Sellers

Today’s real estate market is very competitive. As a first-time home seller chances are, you’ll find the whole process riddled with a lot of confusion. With economists predicting a major increase in home sales in the coming years, it’s important that you prepare yourself to avoid any and all potential pitfalls. If you are not caught up with the market, now might be a good time to seek the expert advice of a Realtor. Allowing you to equip yourself with knowledge of the do’s and don’ts of selling a home for the first time. selling real estate

Here are a few important tips to help you get through process the successfully. Click Here


Some Things To Consider

business, people, statistics and team work concept - close up of creative team with charts and gadgets meeting and drinking coffee in officeStatistics have predicted a better performance this year in the housing sector than all the previous years. This includes a visibly strong 2014 that saw interest in condos and single family house outlets hit a sky high. With this increase in performance there are pros and cons that come along with it. So Let’s Talk about how some of these statistics will impact you. Selling Real Estate

It has been predicted that the mortgage rates will increase from about 4-6% by the year 2017.

It has also been noted that homes in the U.S are getting bigger. Houses in 2014 were 24% bigger than an average house in the 1990s, from the relatively low 2100 to 2400 square feet in 2014. This number is also expected to continue to slowly grow in various sections of the market. Selling Real Estate

As players in the real estate markets, buyer, seller or even an agent, there are some various factors you’ll needs to keep in mind while you consider tackling the market. In this article well review what is essential for each player. Selling Real Estate

As a Buyer your aim is always to fork out the best deal at affordable pricesSelling Real Estate

So how can we make sure you’re making sure that happens? Start by developing specifications before venturing into the market. The location, budget available, the type of home and any stipulations you need to be met. Do you need a live fence? What amount of space do you need? Readmore


Home Not Selling? This Might Be Why

Nothing is more disappointing to a homeowner than when their property sits on the market without receiving any offer. This can be a worrying situation. However, worrying too much is not going to fix a thing. Rather, it is all about finding the solution to that problem. Selling Real Estate

The solution is to identify the cause of your home sitting on the market for so long. Is there anything wrong with the home? Is it something you have done, or haven’t done that is affecting the home on the market? You should be worrying about how to fix all this and dig deeper to learn the real reason for the home sitting on the market for so long. To help you crack the code, here are some reasons that could prevent your home from selling. Selling Real EstateReadmore

Want to know the value of your home?
Our professional staff will figure it out for you for FREE.
Which Homes Have Appreciated the Most?
Please use a valid email.
Please fill in all fields.
view now