Home Appreciation

What is the top factor affecting real estate appreciation? Many believe that it's the economy. It goes without saying that there are several issues on a national level that alter your house's value: unemployment, interest rates, business growth, and more. However, your property's value and the elements that play the most significant role in its appreciation are particular to the local The Valley economy and housing market.

Access to services - Proximity to schools and jobs also have a huge affect on all home buyers' choices. So when it comes to retaining their value, these regions generally appreciate the best.

Recent home sales - How fast are houses selling? What was the final sales amount compared to the asking price? Some information can be retrieved from public records, but a good agent with access to the local MLS will often provide a more complete picture.

The appreciation history - Is the area thought to be desirable because of its location or affordability? Have property prices risen or declined over the last 5-10 years?

Economic factors - Have companies moved into or away from an area? Are local companies hiring? Is there a nice combination of jobs in an area, or does it depend on just one industry? Each of these pieces plays a part.