Values have changed on homes – what’s the risk in your market?
The Lawhead Team would like to share the following article about how homes have changed in value from RISMedia
When it comes to helping your clients make the most important financial decision of their life, your real estate knowledge and guidance is invaluable. This historical price index that details a look back at home valuations over the last year and beyond, will help you provide the important insights your clients are looking for, and a well-rounded picture of the real estate market trends in your area.
The historical price index for San Diego & Surrounding Area is 6.8% for the last 12 months and 1.2% for the 10-year Compound Annual Growth Rate (CAGR), according to the latest housing data provided by HouseCanary.
The home price index level compared to historical long-term trend is a risk indicator. The greater the price’s distance from long term trend line, the greater the likelihood for a snapback or reversion to the long-term average. When the home price index is significantly above (or below) long-term trend this represents a signal of increased (or decreased) risk.
This predictive analytics report and e-newsletter is part of a new collaboration between HouseCanary and RISMedia in an effort to bring real estate professionals timely and local housing data in thousands of regional and local markets across the U.S.
Click here to see price historical data for a specific area of interest.