The housing bubble is bursting, home value prices are plummeting, the real estate market’s crashing! Nationwide housing values tumbled by approximately 35% in these two years according to the market tracking company MDA DataQuick. If a house sold down the street, you’ll eventually be able to find out how much the buyer paid on Real Estate ABC Since recent sales are the best indicator of your home’s current value, this kind of data can be priceless.
If you want the real thing” – as in, a price that reflects every factor that goes into a home’s sales price – you should meet with at least 2 or 3 realtors to get price suggestions. Most likely Nebraska’s recent low unemployment rate of 2.8% along with job opportunities rising in non-farm industries, especially education & health and leisure & hospitality sectors have contributed to a balanced real estate market.
They predict the median home value will decline about 2% to $550,000 while home sales will decrease by about 7% to under 450,000 units, compared with over 480,000 units in 2006. As a broker, Redfin uses the most accurate data from the Multiple Listing Service (MLS) to calculate your property’s current market value” – financial advisor Sanchez.
Chances are, a realtor will be able to offer more insight into your local market than any online real estate tool ever could. Gallup first asked this question in 1978, and to date, the percentage saying it is a good time to buy a house has never fallen below 50%.
In Riverside County, the median rose 2.1% to $393,000, while sales climbed 11.5%. Home values rose 1.95% nationally in April, and posted a 5.43% year-over-year increase, according to the Quicken Loans HVI. The Bay Area median price for a resold home rose to $712,000 in January, an 11.8 percent gain from a year ago, according to a report released Wednesday by CoreLogic.