U.S. Home Sales Tumble As Prices Surge To Record High
Perhaps people use the terms house evaluation and home value interchangeable, but there is a difference between them. The Edge Reference Price is an unbiased, independent estimate of individual home values and rent, using a proprietary formula. What I mean is that they seem to generate the historical home values for the house, town & zip code using the algorithm de jour, which has the effect of changing the entire historical record from what Zillow actually claimed in the past.
So let the following renovation rules, driven by shifts in the current housing market and informed by Consumer Reports’ nationally representative survey of 1,573 millennials, inform your decisions on improving your home and its value. The tight inventory boosted house price inflation, which had been slowing after a jump in mortgage rates last year dampened demand for housing.
The values I received were a bit closer to what I expected …
Unless you’ve been living in a cave somewhere, you’ve probably heard many gloomy predictions about the state of realty and home values in the past year or so. According to the media and industry experts, the housing bubble is bursting, home value prices are dropping and the real estate market in general sucks. What most sellers don’t understand is that Zillow estimates values of over 100 million homes across the country. The report provides two estimated market values for a home, both from leading providers. More and more people are seeing the allure of Utah, which is what has kept their home value averages high and real estate market booming compared to the rest of the country.