Home Values Rebound, But Not For Everyone (2)
Home Value Explorer® (HVE®) is a Freddie Mac Automated Valuation Model (AVM) tool that generates an estimate of property value in seconds. Locals will also be competing with outside insurance and construction workers who will likely move to Houston and stay for an extended rebuilding period, McClenny said. Geography determines house values on a micro level – which can be felt and seen first-hand by the everyday home buyer. Housing prices have increased in major metropolitan areas across America but, since 1997, the greatest percentage growth in home prices has been in the Bay Area. New England, an area which includes Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut, has changed +6.0 percent since twelve months ago.
This decline in surrounding property values is, in large part, due to appraisal procedure An appraiser is responsible for evaluating a property’s value and considers everything from the architectural structure to the …