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What is Really Happening with Home Prices?

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The median price of area homes increased by 56 percent between 2009 and 2014. In 2009 the median home price was $109,000, just within the means of the resident earning a median income.

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Home values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could fall to 3% or less this year.

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Monthly price changes, it should be noted, are not a long-term indicator of the market. The average annual rate of house price growth has slowed to 2.3%. The recent rise in prices can be partially attributed to the ongoing shortage of homes available for sale, explained the HomeOwners Alliance,

American Homeowners Don’t Want to Move, Plan for Home Repairs Instead Mortgage Masters Group Mortgage lenders often maintain an escrow account for homeowners. The lender calculates the cost of property taxes, homeowners insurance and other special fees payable by the homeowner during the.

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Last year, business insider ranked Presidio Heights San Francisco’s most expensive neighborhood, with a median sale price of.

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