How Much Has Your Home Home Increased in Value?

DISCLAIMER: A Home Valuation report is not a substitute for a Real Estate Appraisal in purchase or refinance transactions. Home Valuation report is only available for homes in Utah. 

How Much Has Your Home Value Increased?

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). 

New Home Prices Second Quarter of 2018

For Sale By Owner (FSBO) Statistics

  • FSBOs accounted for 8% of home sales in 2016. The typical FSBO home sold for $190,000 compared to $249,000 for agent-assisted home sales.
  • FSBO methods used to market home:
    • Yard sign: 35%
    • Friends, relatives, or neighbors: 24%
    • Online classified advertisements: 11%
    • Open house: 15%
    • For-sale-by-owner websites: 8%
    • Social networking websites (e.g. Facebook, Twitter, etc.): 13%
    • Multiple Listing Service (MLS) website: 26%
    • Print newspaper advertisement: 5%
    • Direct mail (flyers, postcards, etc.): 4%
    • Video: 2%
    • None: Did not actively market home: 28%
  • Most difficult tasks for FSBO sellers:
    • Getting the right price: 15%
    • Understanding and performing paperwork: 12%
    • Selling within the planned length of time: 13%
    • Preparing/fixing up home for sale: 9%
    • Having enough time to devote to all aspects of the sale: 3%
Expert Home Price Forecasts for 2024 Revised Up

Expert Home Price Forecasts for 2024 Revised Up

Expert Home Price Forecasts for 2024 Revised Up Over the past few months, experts have revised their 2024 home price forecasts based on the latest data and market signals, and they’re even more confident prices will rise, not fall. So, let’s see exactly how experts’...

Strategic Tips for Buying Your First Home

Strategic Tips for Buying Your First Home

Strategic Tips for Buying Your First Home Buying your first home is a big, exciting step and a major milestone that has the power to improve your life. As a first-time homebuyer, it's a dream you can make come true, but there are some hurdles you'll need to overcome...

Don’t Let the Latest Home Price Headlines Confuse You

Don’t Let the Latest Home Price Headlines Confuse You

Don’t Let the Latest Home Price Headlines Confuse You Based on what you’re hearing in the news about home prices, you may be worried they’re falling. But here’s the thing. The headlines aren’t giving you the full picture. If you look at the national data for...

Maximizing The Benefits Of Home Equity When Downsizing

Maximizing The Benefits Of Home Equity When Downsizing

Maximizing The Benefits Of Home Equity When Downsizing When it comes to downsizing, homeowners often view it as a way to simplify their lives, reduce maintenance costs, or even relocate to a more desirable location. But what many don't realize is that downsizing can...

Why Pre-Approval Is Even More Important This Year

Why Pre-Approval Is Even More Important This Year

Why Pre-Approval Is Even More Important This Year On the road to becoming a homeowner? If so, you may have heard the term pre-approval get tossed around. Let’s break down what it is and why it’s important if you’re looking to buy a home in 2024. What Pre-Approval Is...

There’s No Foreclosure Wave in Sight

There’s No Foreclosure Wave in Sight

There’s No Foreclosure Wave in Sight Some Highlights Headlines saying foreclosures are rising might make you feel uneasy. But the truth is, there’s no need to worry. If you look at the latest numbers, they’re still below pre-pandemic norms and way below what happened...

Don’t Wait Until Spring To Sell Your House

Don’t Wait Until Spring To Sell Your House

Don’t Wait Until Spring To Sell Your House As you think about the year ahead, one of your big goals may be moving. But, how do you know when to make your move? While spring is usually the peak homebuying season, you don’t actually need to wait until spring to sell....

Pin It on Pinterest

Share This