In Real Estate, Go West and Prosper

Want to make money on your house? How long should you hold on to it? What regions in the United States are most conducive to building value? The National Association of Realtors released a study this month that seeks to answer those questions by looking at historical data to determine whether homeowners are more likely to experience a home price gain or loss during the period when they hold a home. In short, all regions of the United States – the Northeast, Midwest, South and West – saw home values increase when they held onto their homes over seven, eight, nine and 10-year periods between 1989 and 2019. The findings include: The average price appreciation of a single-family home ranged…

Report: Q4 Home Prices Up Across United States

Home prices continue to rise across the country. That’s according to the latest quarterly report from the National Association of Realtors, which found that single-family home prices increased in 170 of 180 metropolitan areas and the media single-family home price climbed 6.6 percent from the fourth quarter in 2018. Specifically, the report found: The national median existing single-home price was $274,900 in the fourth quarter of 2019 (up from $258,000 a year earlier).At the end of 2019, 1.4 million existing homes were available for sale – 8.5 percent less than at the end of 2018.The average supply during the fourth quarter was three and half months, down from four months in the 2018. This number refers to how long it…