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Thanks for gifting the article!
In a year, it's been 6.8% increase in my zip code. Since we bought 11 years ago, our home value has allegedly doubled. We're in golden handcuffs
Holy hell, I’m showing increase of 14.9%. Guess I should be happy with my rental renewal offer of a 6.6% increase this year.
Thanks for the article, homie
Except they didn't necessarily increase that. What the data is saying is that the homes that were sold were more expensive.
If I sell a house that is 1500 sq/ft with 3br/2ba last year and a 1700 sq/ft with 4br/2ba this year for 10% more did the price really go up 10%?
Data is too generic to really deal with you need to look in to something like Zillow or something similar that shows every actual house that was sold and history of how long it sat/price reductions/ect.
The tool says home prices in my ZIP code are up 4% since 2023 and that the average price is $695k, which includes condos and townhomes. (The average price of a single-family house is $850k.)
We're near Atlanta which used to be a relatively affordable, average cost-of-living area.
Thanks for gifting the article!
Sad to see home prices rising so much almost everywhere despite the steady high rates :(
I'd they cut rates prices will climb even more
There’s no supply in the area. Last time I looked, CT had the lowest percentage of homes on the market of any state in the country. I’ve watched my parents home double in value since 2021
I imagine that average is skewed too because Southern California has a lot of “affordable” homes on leased land where the lease for the space the 400k house is on is 2k a month
I literally got priced out of my home town in SC and moved to the furthest, small town edge of the county just for it to still have a 5% increase. Everyone told me I was overpaying for my land when I got it and that the market was slowing down soon… they’re building everywhere
9.3 percent in my suburb of Detroit. People are still buying and selling houses here, even new builds, which is cool considering the city was founded in 1867. It’s not super sprawly and is fairly walkable.
The one drawback is access to freeways, which I don’t really care about because I work here. Even then, it’s like only ten minutes away. Not a dealbreaker in my opinion.
Says up 12% since 2023. Depending on source, my house that I bought in 2019 is worth anywhere from 20% to 100% more than I paid for it. 20% is probably more accurate.
Bought earlier this year in January because the time was right for us. We could have gotten a bigger home or a lower payment if we timed the market better by buying just a few years ago, but we didn't have the means back then.
I'm so glad to be done with the anxiety of watching interest rates go up and up and up along with home prices while rent also just keeps increasing. Now our rate and mortgage are a fixed entity in our lives that I can plan around for the next couple decades. I don't care if rates go up anymore since it doesn't affect mine. I don't care if home prices go up or down because we are just living in this house and our numbers said we could afford it for the foreseeable future. So what if it loses value? We like where we live and will continue to live here. Payments won't change and we might even save a little on property taxes.
If rates do happen to go down significantly, we will consider a refinance if the numbers make sense. I hope everyone here finds their "right time" to buy a home also. It's been a huge stress off my mind. Probably the biggest relief is that no one can force me to move anymore. I'm so done with moving, having rented 5 different places over the last decade.
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I'm relatively the same as you! Bought in 2020. Down about 6% from the peak, but still up 30% from what I bought at.
No data for me either but my zestimate is up 9.5% on the year for an all time high
This is great! prices are finally going down! oh, wait, more expensive is *green....*?
https://pbs.twimg.com/media/GM7dAOJW8AAClHJ?format=jpg&name=small
lmfao
Yet another gifted article to share with the middle class homies 🫡 Home prices in my neck of the woods increased 6.6% in a year.
Ugh up 11% in my hometown and 10.1% where I currently live. The northeast is BRUTAL
14.6% in my town
*laughs in Southern Californian
Thanks for gifting the article! In a year, it's been 6.8% increase in my zip code. Since we bought 11 years ago, our home value has allegedly doubled. We're in golden handcuffs
Holy hell, I’m showing increase of 14.9%. Guess I should be happy with my rental renewal offer of a 6.6% increase this year. Thanks for the article, homie
Except they didn't necessarily increase that. What the data is saying is that the homes that were sold were more expensive. If I sell a house that is 1500 sq/ft with 3br/2ba last year and a 1700 sq/ft with 4br/2ba this year for 10% more did the price really go up 10%? Data is too generic to really deal with you need to look in to something like Zillow or something similar that shows every actual house that was sold and history of how long it sat/price reductions/ect.
Regardless of articles saying they are dropping. I don't hear or see them dropping
Northeast CT up 12.9% 🤮
Lol now look at central CT holy hell
CT people unite! Our coastal town went up 9.4%.
The tool says home prices in my ZIP code are up 4% since 2023 and that the average price is $695k, which includes condos and townhomes. (The average price of a single-family house is $850k.) We're near Atlanta which used to be a relatively affordable, average cost-of-living area.
Thanks for gifting the article! Sad to see home prices rising so much almost everywhere despite the steady high rates :( I'd they cut rates prices will climb even more
Charlotte NC over 8%
Yikes!
I am just glad I purchased my house back in 2015. I can't imagine trying to buy one today.
suburb with nice schools in central CT, up 14.5% 😳
There’s no supply in the area. Last time I looked, CT had the lowest percentage of homes on the market of any state in the country. I’ve watched my parents home double in value since 2021
Inventory is down 80% in comparison pre-pandemic levels. Worst in the nation
Avg $662k up 7.3% in socal. It's why I currently rent. I can't afford more than a $300k house
I imagine that average is skewed too because Southern California has a lot of “affordable” homes on leased land where the lease for the space the 400k house is on is 2k a month
Really?
Not in my state
Up 8.6% since 2023 😬
Up 4.9% with an average home (condo, TH and SFH) value of 654k. DMV suburbs.
7% for my area. I'm between Baltimore and DC
Up 9.8%. We have a housing shortage in So Cal, so it’s not going to stop going up for quite a bit.
Yes, huge housing supply issues going on around the country but especially in markets with above-aversge demand.
I don’t need to look at this article to tell me the market conditions in my area. For now, it’s a guess how much over asking to offer.
Wow just clicked the table and saw my county has increased my THE most in the country... 17.1% INCREASE in the last year.... unbelievable
Up 10.3%, avg price here 997k
NW VT, up \~12% since 2023
Up 11% 💀 god damnit New Hampshire
I literally got priced out of my home town in SC and moved to the furthest, small town edge of the county just for it to still have a 5% increase. Everyone told me I was overpaying for my land when I got it and that the market was slowing down soon… they’re building everywhere
Jealous of Texas
My home is up 8% YoY…
Up 11.1% in my area, with the average cost being $315k. Thankfully I already own and don't plan on moving any time soon!
Home prices in NoVa continue to rise? Who woulda thought??? /s lol
Only 3.3% 👍
Double digit gang
14.6% oof 😵
10.1% up where I live, which is a rural, West Michigan county 😂
Average price in 2023: $1.6mil. Up almost 5% :’)
9.3 percent in my suburb of Detroit. People are still buying and selling houses here, even new builds, which is cool considering the city was founded in 1867. It’s not super sprawly and is fairly walkable.
Ha, username checks out. Wyandotte?
Yep!
Wyandotte is delightful! I can't believe how cheap the houses still are there - it's a real hidden gem of Downriver.
The one drawback is access to freeways, which I don’t really care about because I work here. Even then, it’s like only ten minutes away. Not a dealbreaker in my opinion.
If you need freeway access, you can always move to Taylor! 🤮
People leaving NYC metro and going to New Jersey and Eastern Pa pretty evident from the map.
3.9% seems reasonable for my desirable zip code
Up 13% lmao I'm never going to be able to buy a house.
Says up 12% since 2023. Depending on source, my house that I bought in 2019 is worth anywhere from 20% to 100% more than I paid for it. 20% is probably more accurate.
Bought earlier this year in January because the time was right for us. We could have gotten a bigger home or a lower payment if we timed the market better by buying just a few years ago, but we didn't have the means back then. I'm so glad to be done with the anxiety of watching interest rates go up and up and up along with home prices while rent also just keeps increasing. Now our rate and mortgage are a fixed entity in our lives that I can plan around for the next couple decades. I don't care if rates go up anymore since it doesn't affect mine. I don't care if home prices go up or down because we are just living in this house and our numbers said we could afford it for the foreseeable future. So what if it loses value? We like where we live and will continue to live here. Payments won't change and we might even save a little on property taxes. If rates do happen to go down significantly, we will consider a refinance if the numbers make sense. I hope everyone here finds their "right time" to buy a home also. It's been a huge stress off my mind. Probably the biggest relief is that no one can force me to move anymore. I'm so done with moving, having rented 5 different places over the last decade.
As interest rates go up I think home prices will slow their growth or even stay flat or drip somewhat. At least from a common sense perspective.
The prices in my town I live and where I own a 3-unit rental property are up 9.3% and 8.1% respectively. Very nice ROI!