Home Prices On The Rise But Not Back Yet

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Home values are back on the rise. They are trying to fully recover from the market crash a few years back. The home prices and values are not all the way back to that level, but are getting closer. This brings excitement to the market for realtors, lenders and banks.

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The national average of home value growth is sitting right at 6.3% according to the Zillow.com website.

Home prices took a large hit back when the economy crashed. Home investors took advantage of low interest rates and lower home overall prices to secure a lot of homes and are using them for rentals.

Many cities are getting closer to their home values before the crash. Las Vegas is one of the cities that were close to old levels. Some cities are expected to wait all the way until 2030 before their home prices are back up. Those cities are some of the bigger cities like Baltimore, Chicago and Cleveland.

Jessie

Jessie

Jessie Jessie is a corporate communications and public relations professional skilled in media relations, strategic communications, crisis and issues management, writing and editing. She excels in managing multiple, high-priority tasks and working in high-stakes environments. Jessie has more than 10 years experience writing editing both print and online content. She is a graduate of Illinois State University with a Masters degree in English and writing.

Contact: jessie@mortgage.info
Jessie

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