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Luxury Home Values Snapshot

Appraisal Buzz

A new analysis from Zillow has found that luxury home value growth has now outpaced appreciation on typical homes for five consecutive months. The typical luxury home—defined by Zillow as the most valuable 5% of homes in a given region—is worth about $1,620,000. Luxury home values across the U.S.

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Hispanic Homeowners Reduce the Home Value Gap

Appraisal Buzz

Zillow has found that Hispanic homeowners are making great strides in narrowing the home value gap with white homeowners over the past two years—regaining ground lost during the pandemic. Hispanic-owned homes are currently worth 11.9% less than homes owned by non-Hispanic white households, down from 12.1% from 17.9%.

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Home Values Surge in Q2

Appraisal Buzz

The equity gains coincide with a surge in home prices during the 2024 spring buying season, with the median national home price rising 9% quarterly to a record $365,000. This price increase has helped boost equity levels across much of the country by widening the gap between home values and the amounts owed on loans.

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StreetWire partners with MetroList on home value insurance product

Housing Wire

Real estate data company StreetWire has partnered with Northern California MLS MetroList to produce an insurance product called Home Value Lock. It’s designed to protect homeowners from declining home values. Home Value Lock is currently available only in California. “As

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Survey: Cluttered Yards and Neighbors’ Junk Can Slash Home Values

Appraisal Buzz

What if a neighbor is the clutter-collecting culprit—could the adjacent property take a home-value hit? A team of researchers for StorageUnits.com surveyed some 500 licensed agents to determine how clutter in and around a seller’s home, as well as the surrounding neighborhood, impacts a property’s asking price.

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Urban home values growing faster than ‘burbs in Midwest

Housing Wire

A Zillow report released Thursday shows urban home values in Midwest cities — namely, St. Louis, Cincinnati, Cleveland, Kansas City, Columbus and Indianapolis — have risen faster than suburban home values over the past several months. rise in urban home values, and St. growth in urban home values.

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Home Value Forecast Predicts Slowdown in Growth

Appraisal Buzz

Rapidly rising mortgage rates are worsening affordability challenges that have been brought on by record home value growth. home are 19.5% Despite this, the pace … The post Home Value Forecast Predicts Slowdown in Growth appeared first on DSNews.