How much has your home increased in value?
Home values have risen dramatically over the last 12 months.
Core Logic released its latest Home Price Index Report showing that national home prices have rose 6.7% year-over-year.
The appreciation is broken down into four price ranges which make it easier to understand rather than looking at the national median home price.
The chart below shows price ranges and the growth last reported (from February 2017 to February 2018).
Lower-priced homes appreciate quicker than homes at the higher end of the spectrum due to the demand from first-time home buyers and baby boomers looking to downsize.
Of course there are many other factors that affect the value of your home. Please let me know if you want more information on your home's current value or have other questions about present market conditions.
Source: Keeping Current Matters