Past, Present, and Future Home Values

Past, Present, and Future Home Values

Home Values

In CoreLogic’s latest Home Price Index, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month, and projected appreciation over the next twelve months.

Here are state maps for each category:

The Past – home appreciation over the last 12 months

Past, Present & Future Home Values | Simplifying The Market

The Present – home appreciation over the last month

Past, Present & Future Home Values | Simplifying The Market

The Future – home appreciation projected over the next 12 months

Past, Present & Future Home Values | Simplifying The Market

Bottom Line

Homes across the country are appreciating at different rates. As I have mentioned before, the rate of home price appreciation across the country is due to a strong housing market reacting to supply and demand, and not a new housing bubble.

If you plan on relocating to another state, and are waiting for your home to appreciate more, you need to know that the home you will buy in another state may be appreciating even faster.

Let’s meet up so I can guide you through your next steps and help you decide what’s right for you.

The Difference An Hour Makes

The Difference An Hour Makes

Some Highlights:

  • Sunday, March 13th, we “Spring Forward” one hour for Daylight Savings Time (except for our friends in HI & AZ).
  • Every hour in the United States, 624 homes will sell and 118 homes will regain positive equity.
  • The median home value will also increase each hour in the United States by $1.84.
Homes Prices Rise Across the Country

Homes Prices Rise Across the Country

A quick infographic for you all today. It is official, home prices rise all across the country. I’ll get a more localized market report out on Monday for everyone to see exactly what Tahoe looks like!

Home Prices Up 5.76% Across The Country! | Simplifying The Market

 

Some Highlights:

  • The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.
  • In the report, home prices are compared both regionally and by state.
  • Based on the latest numbers, waiting to move may end up costing you more!
Home Sales Rise Despite a Low Inventory

Home Sales Rise Despite a Low Inventory

Some Highlights:

  • Existing Home Sales rose to an annual rate of 5.47 million, representing an 11% increase year-over-year.
  • Inventory levels remain below the 6-month supply needed for a normal market at a 4.0-month supply.
  • Lawrence Yun, NAR’s Chief Economist, warns: “The spring buying season is right around the corner and current supply levels aren’t even close to what’s needed to accommodate the subsequent growth in housing demand.”
How to Create Real Family Wealth

How to Create Real Family Wealth

Rebuilding Family Wealth

Since 2008 some of those that were hit hard by the financial crisis have repaired their credit and are ready to take on homeownership again to begin rebuilding their family wealth.

Many of you are understandably trepidatious about tying up your family’s money and time in real estate again. However, homeownership is still the best path to building personal wealth. The trick now is using the lessons of the past to avoid another disaster, and to remember a few key points:

  • Buying a home is often the biggest financial decision that any family will make.
  • The average net worth of a homeowner is 45x greater than that of a renter.
  • Homeownership puts your housing costs to work for you.