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home values

Housing Wealth: The Missing Piece of the Affordability Equation

June 18, 2021 by bobelliot

The real estate market is soaring today. Residential home values are rising, and that’s a big win for homeowners. In 2020, there was a double-digit increase in home values – a trend that’s expected to head toward similar levels this year. However, skyrocketing prices are causing some to start questioning Read More

Posted in Housing Market Tagged home affordability, home values

3 Reasons We’re Definitely Not in a Housing Bubble

February 10, 2021 by bobelliot

Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this Read More

Posted in Home Buying Tagged home values, housing bubble

Home Values Projected to Keep Rising

October 22, 2020 by bobelliot

As we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on home prices. Looking at the big picture, the rules of supply and demand will give us the clearest idea Read More

Posted in Home Market Trends Tagged home buying, home values

Where Are Home Values Headed Over the Next 12 Months?

October 1, 2020 by bobelliot

As shelter-in-place orders were implemented earlier this year, many questioned what the shutdown would mean to the real estate market. Specifically, there was concern about home values. After years of rising home prices, would 2020 be the year this appreciation trend would come to a screeching halt? Even worse, would Read More

Posted in Home Prices Tagged home price index, home values

What are the Experts Saying about Home Values

April 27, 2020April 27, 2020 by bobelliot

A big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy. The price of any item, however, is determined by supply and demand, which is how Read More

Posted in Home Buying Tagged covid 19, home buying, home values

Contact Us

Bob Elliot
eXp Realty
612.868.5500
bob@mnresteam.com
7700 France Ave S, Edina, MN
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