RossMery  Mosquera

RossMery Mosquera

Salesperson, REALTOR®

Winzone Realty Inc.

Mobile:
917-515-9783
Office:
(917) 515-9783
Email Me
RossMery  Mosquera

RossMery Mosquera

Salesperson, REALTOR®

Winzone Realty Inc.

Mobile:
917-515-9783
Office:
(917) 515-9783
Email Me

Brooklyn NY │Home Prices: The Difference 5 Years Makes

 

Brooklyn NY │Home Prices: The Difference 5 Years Makes

Brooklyn, NY, is Manhattan's neighbor, but a notable borough. If it were its own city, it would be the third-most populous one in the country. Brooklyn is the changing area with the most vibrant community.

Next, to Queens, we have a unique neighborhood.

*Cypress Hills

*East New York

*Bushwick

The topic of the day is Home Prices: The Difference 5 Years Makes

The economists at CoreLogic recently released a special report entitled, Evaluating the Housing Market Since the Great Recession. The goal of the report was to look at economic recovery since the Great Recession of December 2007 through June 2009.

One of the key indicators used in the report to determine the health of the housing market was home price appreciation. CoreLogic focused on appreciation from December 2012 to December 2017 to show how prices over the last five years have fared.

Frank Nothaft, Chief Economist at CoreLogic, commented on the importance of breaking out the data by state,

“Homeowners in the United States experienced a run-up in prices from the early 2000s to 2006, and then saw the trend reverse with steady declines through 2011. After finally reaching bottom in 2011, home prices began a slow rise back to where we are now.

Greater demand and lower supply – as well as booming job markets – have given some of the hardest-hit housing markets a boost in home prices. Yet, many are still not back to pre-crash levels.”

The map below was created to show the 5-year appreciation from December 2012 – December 2017 by state.

Home Prices: The Difference 5 Years Makes | Simplifying The Market

Nationally, the cumulative appreciation over the five-year period was 37.4%, with a high of 66% in Nevada, and a modest increase of 5% in Connecticut.

Where were prices expected to go?

Every quarter, Pulsenomics surveys a nationwide panel of over 100 economists, real estate experts, and investment and market strategists and asks them to project how residential home prices will appreciate over the next five years for their Home Price Expectation Survey (HPES).

According to the December 2012 survey results, national homes prices were projected to increase cumulatively by 23.1% by December 2017. The bulls of the group predicted home prices to rise by 33.6%, while the more cautious bears predicted an appreciation of 11.2%.

Where are prices headed in the next 5 years?

Data from the most recent HPES shows that home prices are expected to increase by 18.2% over the next 5 years. The bulls of the group predict home prices to rise by 27.4%, while the more cautious bears predict an appreciation of 8.3%.

Bottom Line

Every day, thousands of homeowners regain positive equity in their homes. Some homeowners are now experiencing values even higher than before the Great Recession. If you’re wondering if you have enough equity to sell your house and move on to your dream home, let’s get together to discuss conditions in our neighborhood!





You might also enjoy reading...

·                Mortgage Rates on FIRE! Home Prices Up in Smoke?

·                Top 5 Reasons to Hire a Real Estate Professional When Buying or Selling!

·                Should I Wait Until Next Year to Buy? Or Buy Now?

Source... KCM RossMery Blog   http://nyhomesforsale.blog/

To protect your interest, it is necessary that you have a knowledgeable agent working for you. Who is an expert in the local market and ensure that you make the best possible decisions?

We all are dedicated to keeping you on top of our local market. 

To reach us, please call/ text 917-515-9783

Or email us nyhomeseller@gmail.com

Search for the newest listings in Queens NY by map (click picture below)

Thinking of selling your home? 

Find out What is your home New York worth now!

Or call/Text 917-515-9783 For More Information.

 Like This: 

 

 

 

 
New York City Homes Values Are Up! What Is Yours Worth Now? It's Fast, Free and Easy!
 
Search All Homes For Sale
Home Valuation
Get an Offer in 24 Hours
Market Report
Seller Eguide
 
 
MY REVIEWS
 
 
 
Rossmery Mosquera
Winzone Realty
917-515-9783
Contact Me

You Can Also Visit Us At:    
 
Comments

Correspondences are the best

Correspondences are the best approach to more readily think about one another and develop a solid relationship. Compelling correspondence is an approach to progress that uk assignments review you to the tallness of accomplishment. To construct a solid network and to set up an astounding story one must require compelling correspondence.

Have Questions?

reCAPTCHA
Daily E-mail Alert