Tag: appraisal

The housing bubble has burst! But real estate agents say falling mortgage rates have more and more people touring open houses. A REALTOR® can provide a more accurate home value estimate, based on current home prices in your neighborhood and their knowledge about current conditions in the marketplace.

Median home prices have risen by nearly 50 percent over the past three years, as the region’s robust job market and growing population have increased demand for limited housing opportunities. Using an accounting decomposition of house price dynamics into replacement costs of the structure and land prices, we demonstrate that rising land prices hold the key to understanding the upward trend in global house prices.

They act like magnets which can also bring up or down your own home’s price when put in the seller’s market. Nowadays, most homeowners are enjoying the increase that housing prices have seen. The table also shows …