Quicken Loans introduces Rocket Mortgage, the first end-to-end completely online mortgage. The biggest increases in median home values last year were in smaller regions, and three of the five top gains were in Florida. When researchers looked at five municipal landfills near residential property in Cleveland, Ohio, they found the stench was enough to drag down property values by 5.5{4ebaaaf11605e777c095b95ec291d6177479c3aef157f5accbc77e39ee4bfa7d} to 7.3{4ebaaaf11605e777c095b95ec291d6177479c3aef157f5accbc77e39ee4bfa7d} Landfills are most hurtful in populated, expensive, residential areas.home values

Over the last 12 months, home values decreased 0.1 percent, and during the last five years, home values have increased 77.7 percent. Home values shot way up in markets like Tampa, Seattle and Dallas, and rental rates are rising fastest in Seattle, Portland and Sacramento.

Any piece of real estate has an average cost per square foot so tracking those costs can provide clear insight to whether real estate in an area is rising or falling, and at what rate. Median housing price estimates at the regional-, county-, city-, and zip code-level come from analysis of individual home sales by Zillow based upon transaction records.home values

Nationally, the Zestimate has a median error rate of 5.6{4ebaaaf11605e777c095b95ec291d6177479c3aef157f5accbc77e39ee4bfa7d}, which means half of the Zestimates in an area are closer than the error percentage and half are farther off. This short-term rate increase shouldn’t have much of an impact on 30-year fixed mortgages predicted to remain around 4.5{4ebaaaf11605e777c095b95ec291d6177479c3aef157f5accbc77e39ee4bfa7d} in 2017.

Portland has really hit the map for desirable places to live around the country. The graph below displays the average and median sale prices of Portland metro area homes between 2009 and today. While people’s wealth increases when their property values go up, Lavoie pointed out they¬†only see that money when they sell their properties.home values