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Low-income owners’ home values have increased by 75% since 2012

Housing Wire

Home equity and retirement savings accounts represent over 60% of a household’s net worth, according to the U.S. Census Bureau , and the last decade has resulted in a significant uptick in low-income homeowners’ home values. The highest median home value was among Asian Americans at $521,620.

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Home values have dropped from 2022 peak, opening doors for buyers

Real Estate News

A new Redfin report found the total value of U.S. homes has dropped $2.3 trillion since June 2022, with the biggest declines in the San Francisco Bay Area.

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Home values fell in 21 of the 50 largest US metros in August: Zillow

Inman

Home values are now 11.4 2022, Zillow said. percent lower in Austin, Texas, than they were in Aug. Nationally, prices were up slightly from July to August.

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Fla. Top State for 2022 Home Value Increases

Empire Appraisal Group

Top State for 2022 Home Value Increases | Florida Realtors Fla. Top State for 2022 Home Value Increases By Dylan Abad Analysis finds Fla. home prices rose 17.27% last year, the most in the U.S., But in last-place Idaho, values sank 0.18%. The average home value was $459,947 in December.

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Suburban Home Values Growing Faster Than in Urban Cores

Appraisal Buzz

Woodinville, Washington, is Zillow’s most popular market of early 2022, leading a list of fast-growing suburbs as the most in-demand places to start off the year. As more data emerges that remote work is a driving force behind fast home value growth in the suburbs, expensive suburban markets are seeing strong demand.

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FHFA: Government to back mortgages up to $970,800 in 2022

Housing Wire

The Federal Housing Finance Agency (FHFA) today announced the baseline conforming loan limit for 2022 will be $647,200, an increase of 18%. Median home values exploded across dozens of housing markets across the country in 2021. It mandated that the baseline could only rise after home prices returned to pre-recession levels.

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Do Wood Floors Increase Home Value?

Lamacchia Realty

Do Wood Floors Increase Home Value? If you’re thinking about selling your house, one upgrade that can increase your home’s resale value is hardwood flooring. Potential home buyers may be looking for that extra bit of charm that wood floors offer. appeared first on Lamacchia Realty.