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%
The price has reduced for this Listing, check it out Listing Address: 614 W ANDERSON Murray, UT 84123
New Carpet! 4 Bedroom 2 Bath updated Murray home. Granite counters, multiple gathering spaces, hardwood floors, and a large yard. Conveniently located, close to freeway access, IMC, shopping, schools, and canyons.
2025-27 Real Estate: Prices Rise 3.5% Yearly, Building Slows
US home prices are forecast to ↑ 3.5% annually through 2027, the slowest since 2011. Tariffs are expected to reduce construction of budget homes, with 90% of analysts predicting fewer builds
Could a Rate Cut Free Housing’s ‘Stuck Pig’?
Despite Fed rate cuts, 2025’s housing market remains a “stuck pig,” trapped by affordability and structural issues. Median home prices remain 4.2x median income; price gains forecast between 0.6% and 6.1% for 2025.
Utah 2025: Boomtowns Adjust to New Normal
Salt Lake City prices likely to flatten or dip as post-pandemic migration slows. New builds and resale listings ease supply crunch seen in boom years.
Essential Steps to Take for Financial Success Before Buying a Home
Buying a home is a significant milestone that requires careful financial preparation. Before starting the process, assess your financial situation, pay down high-interest debt, and establish an emergency fund. Check your credit score and get pre-approved for a...
5 smart ways to use $100,000 in home equity right now
U.S. homeowners have about $300,000 in tappable home equity, offering borrowing options at around 8% interest, much lower than credit card rates above 21%. Smart uses for $100,000 in equity include paying off high-rate debt, strategic home renovations, investing in...
How Can You Set the Stage for Winning Offers?
Provide a comprehensive disclosure package before listing: Include seller disclosures, inspections, HOA documents, and a FAQ to inform buyers upfront.Promote open house opportunities: Utilize MLS tools to list open house dates and times, making it easier for buyers to...
2025 Sale Secrets: Best & Worst Times
Listing in late spring, especially Mid-Q2, yields the highest sale premiums for home sellers. The holiday season is the weakest period — December 24, 26, and 31 show the lowest returns.
What Is The Cost Of Living In Provo-Orem?
To maintain your standard of living in Provo-Orem, you'll need a household income of $71,851. - Home Price: $604K - Apartment Rent: $1,531 - Total Energy: $164
Maximizing Returns: How to Refinance Your Investment Property
Buying a second home involves stricter mortgage rules and higher rates. Refinancing can optimize cash flow and change terms, rates, or release equity on rental properties. Conventional loans are required for cash-out refinancing on investment properties. Leveraging...