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%
How to Invest Globally in Real Estate
Investing globally in Real Estate requires understanding market dynamics, including rent growth and job creation trends.Tap into local expertise, including brokers, property managers, and market analysts, to gain on-the-ground insights.
Looking to Sell a Home in 2025? Take These 5 Steps
Start by researching and interviewing realtors knowledgeable about your local market before selling.A fresh home makeover, including new paint and flooring, boosts appeal and first impressions.
Homeowner Tax Breaks: All the Ways Your House Can Boost Your Tax Refund
Owning a house in the US is expensive, with rapidly rising home prices and hidden expenses. However, tax credits and deductions for homeowners can lead to a bigger tax refund. Homeowners can take advantage of tax deductions by itemizing their deductions using Form...
How 2025 Trends Fuel Homeownership Potential
Home sales may rise 1.5%, prices climb 3.7%, and mortgage rates stay above 6% despite slight cuts. A historic 11.7% home inventory jump and 13.8% new construction surge mark supply resurgence in 2025.
Buying a Home in 2025? Do 3 Things ASAP!
Mortgage rates are expected to fall in 2025, easing the path to homeownership. As rates drop, more homeowners may sell, boosting real estate inventory and market opportunities.
What is ‘missing middle’ housing, and could it solve Utah’s housing crisis?
Since 2015, 87% of building permits in Utah have been for single-family homes, but experts suggest focusing on "missing middle housing" like duplexes and triplexes to address affordability. Daniel Parolek, who coined the term, emphasizes that these smaller,...
5 Reasons to Buy in 2025
Reduced demand could lead to stagnant or declining prices, creating better deals for new buyers. Buyers prepared with savings and good credit can benefit from hesitant competition.
What’s The Most Expensive Zip Code In Southern Utah?
A unique perspective on the current housing market highlights the challenges of home buying, especially in Utah, where prices have surged. A recent analysis of 184 ZIP codes revealed Park City (84060) as the most expensive, with a median home value of over $2.047...
Capital Economics 2025 Home Price Forecast
Capital Economics forecasts U.S. home prices will ↑ 4.0% in both 2025 and 2026, signaling a stable housing market.Limited inventory will likely prevent price declines, supporting steady growth despite constrained buyer demand.
Will 2025 Finally Be a Normal Housing Market?
New listings ↑ 8% weekly, signaling more seller activity as the market heads into 2025. Pending home sales ↑ 10% yearly, reflecting slight optimism in the housing market.