The
median price of homes nationally will give an overview but it doesn’t reflect local
market conditions. Remember, interest rates are on the rise, supply is down and
demand remains steady.
The
median home price for existing homes has increased 14.2% since 2010. This
increase, in most markets, would erase the decline experienced during the great
recession. Current median price of an existing home is $197,700.
The
median home price for a new home has increased 21.8% in the past 4-years and is
currently at $270,200!
Remember,
interest rates are on the rise, supply is down and demand remains steady.
2014
is the last year for the foreseeable future to buy a home you can afford! Don’t
take my word for it; you owe it to yourself to find out if this is true. Especially
if you want to sell or buy a home!
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