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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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Cost Approach in Fifteen Minutes or Less

Appraisal Buzz

Know what average home values are in your area. (2) 2B) Use assessor data to determine $/sf of improvement and ratio of site to overall value for site value ratio. Expand and then narrow your scope and consider applicable report data. 2) Fill in the Cost Approach form. (2A) 4) Streamline (update).

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Has COVID Impacted Where We're Moving From/To?

Eppraisal

These examples tend to bracket the other states in the union, many of which are moderated versions of one side or the other. These states also see the steepest rises in home value as opposed to New England, Michigan and California where home value is expected to drop. What about the Economy?

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Appraising Fixer Uppers

Appraisal Today

Appraisers sought to bracket the subject using three comparable sales. Like the bedtime story of Goldilocks and Three Bears, appraisers sought to identify three sales like the porridge Goldilocks finds in the home of the three bears: one hot, one cold, and one just right.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Build Equity Every time you make a mortgage payment, you build equity in your home. Think of equity as the amount of money your home is worth after what you owe is deducted. When your home value goes up and you start paying off the loan's principal balance, that builds equity.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

For certain parts of the economy, usually in the upper-income brackets, they didn’t carry a lot of debt and they couldn’t go out to spend their money. We expect a nationwide drop in home values as home inventory continues to shrink and we start to feel the economic impact of last year’s mishaps.

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The art (and the importance) of pricing your home to sell

Cornerstone

Economic Outlook from the National Association of REALTORS® (NAR) shows that existing home prices in the U.S. Experts project that home values will continue to increase throughout the year. Some agents steer clear of ending a home’s price with a zero (i.e., Make sure your home is priced to sell immediately (PTSI).

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