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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 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. According to the March Zillow Real Estate Market Report, monthly mortgage payments on the typical U.S. home are 19.5% higher than they were three months ago, and 38% higher than a year ago.

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Home Values Up Nearly 20% From Last Year

Appraisal Buzz

People were not just fighting to get gifts this holiday season, they were also eager to get into homes entering the market in droves. But those that entered the market were not just fighting astonishingly low inventory levels, but record high prices as well.

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Home Value Appreciation Slows

Appraisal Buzz

For the first time since January, home value appreciation slowed month over month in August. More accurately, the market has eased from “white hot to merely red hot,” as Zillow’s Nicole Bachaud puts it. The post Home Value Appreciation Slows appeared first on Appraisal Buzz.

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West Coast tech hubs see home values skyrocket in spring market

Inman

Seasonal price growth is highest in San Jose as buyers compete for extremely limited inventory, according to an analysis by Zillow.

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

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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.