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#TimeToBuy Home Prices Increase in Every Price Range
CoreLogic’s Home Price Index (HPI) Report revealed, “National home prices increased 3.6% year over year in July 2019 and are forecast to increase 5.4% from July 2019 to July 2020.” They also analyzed four individual home-price tiers, showing the increase in each. Here’s the breakdown: To clarify the methodology, CoreLogic explains, “The four price tiers are based on the median sale price and are as follows: homes priced at 75% or less of the median (low price), homes priced between 75% and 100% of the median (low-to-middle price), homes priced between 100% and 125% of the median (middle-to-moderate price) and homes priced greater than 125% of the median (high price).” What does this mean if you’re selling? Price appreciation can differ depending on your price range. If you’re a homeowner thinking of selling, let’s get together to find out how much your home is increasing in value, so you can price it competitively for today’s market. « Things to Avoid After Applying for a Mortgage RateMyAgent VC 5 Star Rated Realtor ChrisBJohnsonRealtor on YouTube. RateMyAgent:Verified Reviews What is My Home Worth? To Get A Market SnapShot Click Here . Facebook Badge Chris B Johnson My Los Angeles County Real Estate BLOG My Ventura County Real Estate ... more
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