10 Of The Best Home Appraisal Sites For Checking Your Home’s Value

home valuesFor months now you’ve heard the media and industry experts moan about how the real estate market is in a dive, the housing bubble is about to burst wide open and the national median home value is decreasing. Home values dipped 0.07{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13} nationally in February, but posted a 6.37{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13} year-over-year increase, according to the Quicken Loans HVI. By looking at the economy, employment rates, job opportunities and attractions of a particular area, you can get a much better idea of where home value prices and the market in general will be headed.

A 2018 study from Libertarian think tank Cato Institute looked at the effect on housing prices when marijuana dispensaries in Denver converted from medical to recreational use. If you’re house hunting, the Estimate can predict the final sale price for listings you’re interested in. Check out the Redfin Estimate for homes in Atlanta , Austin , Raleigh , Rhode Island , or one of our other 80+ markets across the U.S.

We also show the change in home prices since the peak of the national market in mid-2006. On the flip side, if you’re looking to buy, with the growth rate cooling down and the market evening out, there’s less likelihood that prices will shoot up like crazy from year to year.

The way a Realtor determines real estate market value is off the charts different than how Zillow does it. Local real estate agents or even an appraiser understand how one comparable sale relates to the next. A new report from real-estate data firm CoreLogic CLGX, +0.52{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13} suggests that annual home-price growth will increase by 5.4{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13} by July 2020.

Along comes a Realtor who presents their comparative market analysis of all the households in the area that have recently sold, gone under contract and are currently for sale. Homes for sale in Maine between $232,000 and $235,000 include houses in Chelsea and in New Canada — both with four bedrooms.