home values: Home Values: Where Are They Headed Over The Next 5 Years
- 08/19/15 06:27 AM
Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average the projections of all 100+ experts into a single number. The results of their latest survey Home values will appreciate by 4.1% in 2015. The cumulative appreciation will be 18.1% by 2019. That means the average annual appreciation will be 3.4% over the next 5 years. Even the … (1 comments)
home values: Are Home Values REALLY at Record Levels?
- 08/04/15 02:21 AM
Last week, the National Association of Realtors (NAR) released their Existing Home Sales Report. The report announced that the median existing-home price in June was $236,400. That value surpasses the peak median sales price set in July 2006 ($230,400). This revelation created many headlines exclaiming that home prices had hit a “new record”: Wall Street Journal: Existing-Home Prices Hit Record USA Today: Existing home sales surge, prices hit record Though the headlines are accurate, we want to take a closer look at the story. We do not want people to believe that this information is evidence that a new “price bubble” is forming in housing. NAR … (0 comments)
home values: The Difference between a Home's Price and Value
- 04/05/09 02:06 AM
Sometimes the words "price" and "value" are used interchangeably but there is a significant difference between the two. Price is the amount of money someone is asking for in order to sell. Whereas value is what something is worth. Logically the price of a home should reflect its value. It is the value that establishes the price not the other way around. Just because someone is asking for a certain amount does not mean that it is worth that amount. There two scenarios in which I commonly see people making irrational decisions concerning price and value. The first is with sellers. … (2 comments)
home values: How many Homes are Selling in Omaha and how many aren’t?
- 11/17/08 04:39 AM
As we saw in Average Sales Price of Omaha Homes the average sale price of Omaha homes is declining. This is a result of having more homes for sale than there are buyers in the market; basically we are in a buyer's market. Another result of the buyer's market is that fewer homes for sale in Omaha are actually selling. Here are the percent of homes that were for sale in Omaha that actually sold over the last ten years.
Currently just 43% of Omaha homes for sale are selling. If we look back to 2005, when home values … (1 comments)
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