Which Homes Have Appreciated the Most?

    Which Homes Have Appreciated the Most?   Thursday March 16th, 2017  First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year.  The CoreLogic report broke down appreciation even further into four different price categories:  Lower Priced Homes: priced at 75% or less of the median Low-to-Middle Priced Homes: priced between 75-100% of the median Middle-to-Moderate Priced Homes: priced between 100-125% of the median High Price Homes: priced greater than 125% of the median Here is how each category did in 2016:  Which Homes Have Appreciated the Most? | Simplifying The Market  Bottom Line  The lower priced homes (which are more in demand) appreciated at greater rates than the homes at the upper ends of the spectrum.

    Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year.

    The CoreLogic report broke down appreciation even further into four different price categories:

    1. Lower Priced Homes: priced at 75% or less of the median
    2. Low-to-Middle Priced Homes: priced between 75-100% of the median
    3. Middle-to-Moderate Priced Homes: priced between 100-125% of the median
    4. High Price Homes: priced greater than 125% of the median

    Here is how each category did in 2016:

    Which Homes Have Appreciated the Most? | Simplifying The Market

    Bottom Line

    The lower priced homes (which are more in demand) appreciated at greater rates than the homes at the upper ends of the spectrum.

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    Jordan Forney

    Jordan is a recent graduate of Lenoir-Rhyne University where he received his BA in Multimedia Communications while also playing football all four years that he was enrolled. Jordan has experience in writing and photography from his time working for the school newspaper, Lenoir-Rhyne News (LRN). He also has marketing experience with WLRZ 99.3 where Jordan produced and aired PSAs and was in charge of marketing with the social media accounts. He was a part of the marketing team for the Lenoir Oiler's baseball team as well where he had a lot of the same responsibilities. Now Jordan works at Rinehart Realty where he is increasing his experience by posting blogs, maintaining social media accounts, and working directly under the Director of Marketing.

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