Posted on 08/07/2023 1:23:08 PM PDT by ChicagoConservative27
Home prices are ticking up again and reaching new highs in many markets across the country, according to a new report.
Prices grew by 0.8 percent in June after slowing for more than a year, pushing prices to record levels in around 60 percent of the nation’s major housing markets, the report from Black Knight showed.
Overall, annual price growth was greatest in markets in the Midwest and northeast regions of the U.S., while the strongest price growth was seen in Hartford, Seattle and San Jose.
Median home prices in the pandemic-era boomtown Austin fell furthest below their 2022 peak, the report revealed.
(Excerpt) Read more at thehill.com ...
Thank You!
I hope you read my Correction post?
We do love the house because we are surrounded by a forest of trees and distant neighbors.😊
The only pain as you can imagine from the picture is .. The Fall!
The leaves ... “Oy Vey!”😂
It’s not so much that houses are worth more as that the dollar is worth less.
My brother has a large lot with a lot of oak trees. As do most of his neighbors. They all have riding lawn mowers, and then they chipped in to buy a leaf collector that tows behind.
Sort of like the farmer’s co-op come harvest time.
“It’s unfortunate that so few people today are actually capable enough to build their own homes.”
Even if most could build their own home they wouldn’t be allowed to. You have to be licenced to almost everything except put in your mail box.
LOL...it's called "The Fall" for a reason, isn't it? It's a small price to pay for that beauty.
The worst thing here in North Idaho is when the snow wallops us before the leaves drop. The trees get very confused. Old dead leaves coming off all winter long. Worse, tree branches can split. I'm still looking at some of last fall's dead leaves on a couple of Japanese maples.
I have lived in my current home for 31 years and completely paid for for the past 25 years, I’ve never thought of it as an investment, just home and I have no plans to move. I’m 78 and hope to die in my own bed and my own home on earth.
This home belongs to me and the tax assessor, nobody else. After I’m gone, it will belong to my daughter and the tax assessor and what she does with it will be her bidness.
You are correct about things not changing for the better. The framing used in my parents house was old growth lumber from Minnesota. Framed and then real board on the side.
New houses in my neighborhood use the same basic construction as old houses, which was my point. But the wood to make the house like it was in 1920 no longer exists. That’s what a carpenter told my father.
So now we have 3D printing or light gauge steel construction which can’t burn (or not easily) and are less expensive to make and maintain.
Something with the way houses are built is going to have to change, new homes now are far too expensive.
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