Home owners looking to sell their home often will think their home is worth much more than it really is all because they compare it to the national average of home appreciation. I'm sure you have heard that it's a great time to sell your home, but did you know just how great? According to CoreLogic's U.S. Home Price Insight Report posted for December 2015 and reported by Alliance Title, Idaho and Washington have been placed among the top 5 states for home price appreciation! Nationally, on an annual rate, home prices have been on a rise, and we all know that, but what really matters is what is happening on a local level. From December 2014 to December 2015 Idaho's home price appreciation has climbed by 8.6%, when including distressed homes!
That being said, GREAT news for our sellers! But not to fret buyers! In other news, mortgage rates are dropping to dramatically which is GREAT news for our buyers as well! So this is truly a great time to not just sell your home, but to buy as well! According to Zillow Mortgage Rates showing a comparison of national and local Idaho rates from February 2015 to February 2016, we are on a continual drop in mortgage rates. So an encouraging word to all our readers out there, be sure to remember us here at City of Trees Real Estate for all your Real Estate needs as we are here to help and guide you to the right decisions for you and your family.