The Past, Present & Future of Home Prices

CoreLogic released their most current Home Price Index last week. In the report, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month and projected over the next twelve months.

Here are state maps for each category: 

The Past – home appreciation over the last 12 months

The Present – home appreciation over the last month

The Future – home appreciation projected over the next 12 months

Bottom Line

Homes across the country are appreciating at different rates. If you plan on relocating to another state and are waiting for your home to appreciate more, you need to know that the home you will buy in another state may be appreciating even faster.

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Here are five data points that show the housing market will continue to recover, and that a new housing crisis is not about to take shape.

1) Mortgage availability is increasing, but is nowhere near the levels we saw in 2004-2006.

A buyer’s chances of being approved for a mortgage have increased over the last three years; That’s good news for the market. This is not a precursor to another challenge, as many experts maintain that it is still too difficult for many buyers to attain house financing.

As Jonathan Smoke, the Chief Economist of realtor.com, recently explained:

“The havoc during the last cycle was the result…of speculation fueled by loose credit. That’s the exact opposite of what we have today.”

2) The Housing Affordability…

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If you ask a Realtor if an open house will help get your home sold most will say no.

In some cases that may be because the Realtor doesn’t want to work weekends. In other cases the Realtor might not know how to hold an open house to effectively advertise and sell the home.

To discourage their clients from asking for an open house some real estate companies even charge extra fees for that service! If you are interviewing Realtors to sell your home make sure you ask if open houses are extra.

We all know there’s a big difference between something one person can’t do and something that can’t be done.

When I look back at our listings this year I discovered 72% of the homes we sold were to an open house visitor.

That statistic may sound…

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We have a great benefit through the Texas Association of Realtors YOU can take advantage of, too!

Sears Commercial offers Realtors discounts on appliances including air conditioning units, electronics, lawn and garden items, and mattresses. The discounts are better on Kenmore appliances but they are available for other brand names including Samsung TV’s, etc.

This is a benefit we are able to pass on to our friends. If you are interested in taking advantage of this program send me a message and I will give you the rest of the program details.

Have a Question?

Contact Us Now!

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One of the reasons I bought our current rental home is I knew there was a new elementary school that would be built in the neighborhood in the next few years.

Now that the school is built the neighborhood has become very desirable and that purchase has turned into a great investment.

Today there are many new schools being built or recently announced. These schools will likely be rated very highly in the future. If you pay attention to announcements about neighborhoods being re-zoned to these new schools I expect there will be some great buying opportunity for long-term investors who understand how these schools will impact real estate values.

Fill out the form below for your free home evaluation:

*Your information will never be shared…

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If you’ve been listening to the radio in Austin over the last few months you’ve probably heard about some of the celebrity real estate seminars coming to town.

Before you sign up for any courses check out this blog written by a real estate appraiser.

Like most get rich schemes chances are the person getting rich won’t be you.

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Rutledge is a 10!!

In the last couple years we have seen a shift towards a preference for homes zoned for Round Rock ISD. In part this shift was due to Rutledge Elementary being downgraded to a 7 on the website Greatschools.org.

About a month ago Rutledge was upgraded back to a 10. This is great news for any property values of homes in Avery Ranch zoned for Leander ISD.

Unfortunately this change is still not reflected on some of the websites like Zillow but you can see the school rating on greatschools.org.

Have a Question?

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How accurate is a Zillow or Trulia  Zestimate in Austin, TX? That is one of the most common questions I am asked about Austin real estate. Check out the infographic below to learn more about third party estimates. Also read this article here about how Zillow CEO Spencer Rascoff sold home for much less than Zestimate. Feel free to contact me at 512-791-7473 or fill out our quick “What Is The Value Of My Home?” if you’d like a more accurate estimate of your home’s value!


Fill out the form below for your free home evaluation:

*Your information will never be shared with any third party.

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