How Million Dollar Homes appreciate in Maryland?
Yes, you can find just about anywhere Million Dollar Homes in the Internet, but did you know that most real estate brokers and agents don’t really have all the tools needed to provide 100% assurance services to their clients that they are integrated fully with all the data on the MLS and beyond.
Yes, you can search on your own and hope that you are accessing all the luxury homes for sale at any given time...but in order for you to take advantage of all the data surrounding your real estate needs, You must seek the right services from the right broker. A professional that will provide value by customised innovation towards your real estate needs.
Today, I would like to talk to you about How Million Dollar Homes appreciate.
Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year.
The CoreLogic report broke down appreciation even further into four different price categories:
- Lower Priced Homes: priced at 75% or less of the median
- Low-to-Middle Priced Homes: priced between 75-100% of the median
- Middle-to-Moderate Priced Homes: priced between 100-125% of the median
- High Price Homes: priced greater than 125% of the median
Here is how each category did in 2016:
The lower priced homes (which are more in demand) appreciated at greater rates than the homes at the upper ends of the spectrum.
Below are some questions I want to ask you before your first step when looking for a home....
Do you have time to research the residential housing market?
Do you have the knowledge to integrate and understand the information available in the Internet?
Can you integrate the information available on the real estate Internet sites into useful data that can help you accomplish your goal of home ownership?
Do you have the expertise to negotiate on your own?
The answer to these questions will be key to the success of your home search
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