Home Value Trends In California

home valuesIt’s hard to get away from hearing media and industry experts talking about the real estate bubble, increasing or decreasing median home value prices and falling home sales. Keep in mind that the number one reason why homes do not sell is because of an unrealistic asking price. Home prices are a reflection of many factors, including the supply of homes and the strength of the local economy (as reflected in the incomes of would-be homeowners currently in the market).home values

In my experience, I have seen homes sell for over $100,000 more than the assessed value. Home values rose at an increased pace in October according to Quicken Loans’ national Home Value Index (HVI). Though Iowa may not have quite the tourist pull as other states, it’s still doing fine in important matters of unemployment, income and economy (the things that really drive home value prices).

Home values rose 0.33{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13} nationally in July, with a 4.21{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13} year-over-year increase, according to the Quicken Loans HVI. First Street says its study is the first one to estimate — based on data from nearby sales — the potential depreciation of property prices because homes and neighborhoods commonly face flooding from the sea.

Affordable Austin has a median home value sales price of about $174,000 with homes spending less days on the market than in past months (an average of 63 now). The local real estate expert has just come to the table with a value that is $50,000 less than what Zillow says the home is worth.

Consult a qualified real estate appraiser in your area to obtain a professional estimate of the current value of your home. Still, all the talk of recreational cannabis is giving some homebuyers hope that future marijuana revenues could one day help offset property tax increases, said Leigh Marcus, a real estate agent with @properties.