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Who has seen rapid home value appreciation in just the last few months?
zillow.com ^ | 18 September 2020 | Zillow.com

Posted on 09/18/2020 8:19:24 AM PDT by Vigilanteman

Sorry to take up space for what is essentially a vanity post. But this is interesting and important enough that I would like other Freepers to weigh in from their various parts of the country.

We live in a mature working class neighborhood about an hour's drive ESE of Pittsburgh, PA. We've been here just under 20 years.

Most of the homes in the neighborhood, including ours, were built about 50 years ago. It has been a fairly stable neighborhood which includes neighbors who work for the Pennsylvania State Police and leave their cruisers parked in the driveway.

Trump signs outnumber Biden signs by a ratio of 4 or 5 to 1 and that doesn't include supporters like us who don't put out lawn signs for various reasons.

Our lot size is about 1/5th of an acre which is, slightly but not much more than the 1/6th acre average. In a normal year, property values will fluctuate up and down, but normally no more than about 3 to 4% on an annual basis. Except this year it is already up 10%, just about all of that increase taking place in the last three months.

And it isn't just our little corner lot, it is the entire neighborhood.

(Excerpt) Read more at zillow.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; US: Pennsylvania
KEYWORDS: homevalue; realestate; realty; zillow
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To: Mears

Over a year’s time or what? In my book, that’s still too much. Property owners are being ripped off to pay for the rotten government school systems.


81 posted on 09/18/2020 2:30:00 PM PDT by Pining_4_TX (“It's tough to make predictions, especially about the future.” Yogi Berra)
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To: Vigilanteman

Google: Zillow, name of the town

In Brooklyn Park and Brooklyn Center or Golden Valley, Minnesota.
The prices has double or tripled since 2012.


82 posted on 09/18/2020 2:35:37 PM PDT by minnesota_bound (homeless guy. He just has more money....He the master will plant more cotton for the democrat party)
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To: Vigilanteman

I live in Southern Connecticut. I could probably sell my condo for a 50% profit - if I wanted to. People from the city moving to Fairfield County (and Westchester County, NY) in droves.


83 posted on 09/18/2020 2:38:14 PM PDT by SamAdams76 (Orange Man GOOD!)
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To: bort

Same here. As soon as word got out that we were selling my moms home, the offers came in. We never even officially listed it. There was a small bidding war among the locals.


84 posted on 09/18/2020 3:05:33 PM PDT by HollyB
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To: Vigilanteman

I heard it’s because of the low interest rates.


85 posted on 09/18/2020 3:06:01 PM PDT by HollyB
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To: icclearly

Thanks; listening to it now.

Seinfeld recently appeared with Schumer begging for a bailout of the theaters. Let him bail them out; to younger people he’s something from the WW2 era...


86 posted on 09/19/2020 3:24:46 PM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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