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    How Much Has Your Home Increased in Value Over the Last Year?

    Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.7% year-over-year.

    CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at the year-over-year increases in national median home price.

    The chart below shows the four price ranges from the report, as well as each one’s year-over-year growth from February 2017 to February 2018 (the latest data available).

     

     

     

     

    It is important to pay attention to how prices are changing in your local market. The location of your home is not the only factor that determines how much your home has appreciated over the course of the last year.

    Lower-priced homes have appreciated at greater rates than homes at the upper ends of the spectrum due to demand from first-time home buyers and baby boomers looking to downsize.

    Bottom Line

    If you are planning to list your home for sale in today’s market, let’s get together to go over exactly what’s going on in your area and your price range.

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    Shalini Schetty

    Shalini Schetty is an elite Licensed Real Estate Sales Person and a Trusted Real Estate Advisor at Berkshire Hathaway Home Services Laffey International Realty in Huntington, NY. Shalini is one of the top-producing licensed Real Estate Sales Agents in the area. After obtaining an MBA and pursuing a successful career in finance at JP Morgan in Manhattan, Shalini decided to leverage her international experience (with extensive ties to Asia and India), business background, and love of real estate to start a career in real estate. As a real estate professional for over eighteen years, Shalini consistently delivers outstanding results for her clients.

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