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 …