CoreLogic’s Home Price Index (HPI) Report revealed,
“National home prices increased 3.6% year over year in July 2019 and are forecast to increase 5.4% from July 2019 to July 2020.”
They also analyzed four individual home-price tiers, showing the increase in each.
To clarify the methodology, CoreLogic explains,
“The four price tiers are based on the median sale price and are as follows: homes priced at 75% or less of the median (low price), homes priced between 75% and 100% of the median (low-to-middle price), homes priced between 100% and 125% of the median (middle-to-moderate price) and homes priced greater than 125% of the median (high price).”
Price appreciation can differ depending on your price range. If you’re a homeowner thinking of selling, let’s get together to find out how much your home is increasing in value, so you can price it competitively for today’s market.
A comparison of the cost to owning a home now to years past. Interest rates are historically low.
Read MoreAlmost 100% of this Main Line Real Estate Agent’s clients admit to using Zillow. If not exclusively, then occasionally. Many sellers start there to get an idea of the price their home might fetch on a sale. And many buyers use its search feature to check for new listings. Like the best of the public websites that provide listing information, Zillow gets its data directly from public websites as well as the MLS system that agents use and pay for, but often the specific information they choose to disseminate to their viewers is not up to date or as precise. And their valuations are often way off.
Read MoreHouzz reports that showers are key: Four in five homeowners upgrade the shower during a master bathroom renovation (83%) and over half increase the shower size (54%). For many renovators, this alleviates the pre-project pet peeve of a small shower (38%), which is second only to having an outdated space (59%). Fewer than a quarter of renovating homeowners choose to increase the bathroom size (22%).
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