If you’ve entered the real estate market as a buyer or a seller, you’ve inevitably heard the mantra“location, location, location”in reference to identical homes increasing or decreasing in value based on where they’re located.
In today’s housing market where home prices are appreciating quickly, it’s important to know that not every home appreciates at the same rate. The map below demonstrates that point on astate-by-statebasis using data from theNational Association of Realtors.
Demand often dictates value, even for houses in the same area of the country! High demand for starter and trade-up homes have driven prices up in these categories by nearly 10% over the past year, while those in the premium markets have appreciated at closer to 6%.
If you are debating whether or not to buy and/or sell a home this year, meet with a local real estate professional who can help you figure out exactly what’s going on in your market.
Author:Dawn Borkowski Phone: 864-313-4608 Dated: June 28th 2018 Views: 314 About Dawn: ...
With approximately 50 years combined experience, Guest Group brings a wealth of varied experience in both Residential and Commercial Real Estate.
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We have strong negotiating skills and transaction servicing that will ensure you of a successful real estate experience.
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