CoreLogic has a highly accurate and timely suite of world-class property price indices that have transformed the way Australians measure and understand changes in the value of residential real estate. Whether you are looking to buy a house, sell your house, refinance or research affordable neighborhoods, you have the power to find accurate home values. Since homes in the area are not homogeneous, the appreciation is all due to location and the value of land.
From 2014-2015, when values have been more stable, the median forecast error is just 2.8 percent. The answer to whether it’s better to buy a home that is smaller at a higher per square foot or a larger home at a smaller per square foot cost depends on the typical average square footage of homes in that area.
Quotable Value’s latest quarterly data, out today, shows average values across Auckland dipped 0.2 per cent in the last three months. Although values in parts of Auckland, Hamilton and Christchurch were still seeing a slight downward trend, Rush expects all this to change soon.
Crigler said the Austin area remains among the top cities in job growth and low unemployment (3.2 percent). Based on Econsult’s report, the El has also had a huge impact on housing values in University City, Center City, Fishtown, and Kensington. A website like Trulia or Craigslist can show you how the rental rate in your head stacks up against the rates your competitors are offering.
Knowing what’s going on in your area can be a great way to improve and protect the value of your home. While there’s insurance coverage specifically for sinkhole damage in case your property is hit by one, they still hurt property values. That gauge lags behind other home price indicators but is widely considered the most reliable read on home values.