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Black-owned home values appreciated the most during the pandemic

Housing Wire

Per the report, Black homeowners saw their home values increase by 42.5% for overall home values and 37.8% for white-owned home values. On the other hand, the values of Hispanic and Asian-owned homes increased by 38.3% home is now the smallest it’s been in more than two decades.

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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 Value Forecast Predicts Slowdown in Growth

Appraisal Buzz

Rapidly rising mortgage rates are worsening affordability challenges that have been brought on by record home value growth. home are 19.5% Despite this, the pace … The post Home Value Forecast Predicts Slowdown in Growth appeared first on DSNews.

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Mobile home values rose 34% in the last 5 years

Housing Wire

Key findings of the study show: On a national scale, the median value of a mobile home is $61,400 to $220,000 less than that of a single-family home, although median mobile home values increased by an average of 34.58% from 2016 to 2021. Only in these states are median mobile home values more than $100,000.

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Urban home values growing faster than ‘burbs in Midwest

Housing Wire

A Zillow report released Thursday shows urban home values in Midwest cities — namely, St. Louis, Cincinnati, Cleveland, Kansas City, Columbus and Indianapolis — have risen faster than suburban home values over the past several months. rise in urban home values, and St. growth in urban home values.

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Home Values Up Nearly 20% From Last Year

Appraisal Buzz

According to Zillow’s December Home Market Report, home values grew a record 1.6% The typical … The post Home Values Up Nearly 20% From Last Year appeared first on theMReport.com. The post Home Values Up Nearly 20% From Last Year appeared first on Appraisal Buzz.

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DIY projects to increase your home value

Housing Wire

Chances are, even if your home has an ample amount of storage, it could use more. Installing extra shelves in the bedroom, creating new storage spaces in the garage or adding a cabinet in the kitchen are cost-effective ways to increase home value. . Update Primary Bedroom and Bathroom.