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How Much Has Your Home Increased In Value?

Posted by David E. DeChant on Monday, September 24th, 2018 at 9:23am.

Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.2% year-over-year.

CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at the year-over-year increases in national median home price.

The chart below shows the four price ranges from the report, as well as each one’s year-over-year growth from July 2017 to July 2018 (the latest data available). 

It is important to pay attention to how prices are changing in your local market. The location of your home is not the only factor which determines how much your home has appreciated over the course of the last year.

Lower-priced homes have appreciated at greater rates than homes at the upper ends of the spectrum due to demand from first-time home buyers and baby boomers looking to downsize.

Bottom Line

If you are planning to list your home for sale in today’s market, find a local agent who can explain exactly what’s going on in your area and your price range.

 

Source: https://www.keepingcurrentmatters.com/2018/09/24/how-much-has-your-home-increased-in-value/ 

3 Responses to "How Much Has Your Home Increased In Value?"

Where Are Mortgage Interest Rates Headed In 2019? wrote: [...]Links

vHow Much Has Your Home Increased In Value?
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Posted on Tuesday, September 25th, 2018 at 10:18am.

The Cost Of NOT Paying PMI wrote: [...]Links

Where Are Mortgage Interest Rates Headed In 2019?
How Much Has Your Home Increased In Value?
4 Reasons To Sell This Fall [INFOGRAPHIC]




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Posted on Wednesday, September 26th, 2018 at 1:39pm.

Are Home Prices Softening Or Are They Falling? wrote: [...]Cost Of NOT Paying PMI
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How Much Has Your Home Increased In Value?




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Posted on Thursday, September 27th, 2018 at 9:53am.

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