Many real estate experts are beginning to realize that the doom and gloom predictions about the market from a year or two ago may have been a bit over exaggerated. Quicken Loans, Rocket Homes Real Estate LLC, Rocket Loans and Rocket HQ are separate operating subsidiaries of Rock Holdings Inc. From my personal experience, looking at Zillow home values in the area of Massachusetts where I am located they are typically off anywhere from $20,000 to $50,000 of the actual market value.
The verdict, which compensated the family for pain and suffering from illnesses linked with exposure to oil production and fracking chemicals, also included $275,000 for the loss in market value of their property caused by all the drilling. A rise in economy and job growth is a sure fire way to keep a real estate market stable and continue to have steadily increasing home value prices, while a big tourism industry is a great way to continually attract potential residents to a state.
But recent home sales data provides a silver lining for the housing market. The median assessed home value was about $152,011 and the average home value of a single family home, condo or townhouse was about $164,601 in 2006, keeping homes affordable in the state.
The estimated price range is automatically computed daily based on hundreds of thousands of past transaction records from NAPIC and user-submitted data points. Communities in eastern Contra Costa County and Solano County remain the least expensive options for homebuyers in the region given high prices in San Francisco and Silicon Valley.
But it’s also a testament to the couple’s savvy instincts about what today’s buyers are looking for, especially now that millennials, 75 million strong, have become the leading cohort of buyers, purchasing 32 percent of homes in 2014. Therefore, property valuation establishes the price that one person might pay another for a property, at a given time.