House prices have risen 53% in the last two years, and rent has risen 48% in the last 4 years. What is the market doing where you live?

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2 years 6 months ago #60194 by Gerry Hunt
Just watched a piece on the local news ~ house prices have risen 53% in the last two years (just when I was ready to buy a house!) and rent has risen 48% in the last 4 years in Western North Carolina. What is the market doing where you live?
2 years 6 months ago #60194 by Gerry Hunt
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Heather Blume
2 years 6 months ago #60195 by Heather Blume
It's insane. And this can't last. And it all feels a heck of a lot like 2007... buckle up.
2 years 6 months ago #60195 by Heather Blume
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Lindsay Stewart
2 years 6 months ago #60196 by Lindsay Stewart
That's what I keep saying.
2 years 6 months ago #60196 by Lindsay Stewart
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Christine Allen
2 years 6 months ago #60197 by Christine Allen
Move to SC..I could be wrong, but I do not feel we are feeling the pinch
2 years 6 months ago #60197 by Christine Allen
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Leslie Stewart
2 years 6 months ago #60198 by Leslie Stewart
I’m in Boise. I believe the last numbers I saw were 73% rise in home prices and 65/68% in rent (can’t remember which).
2 years 6 months ago #60198 by Leslie Stewart
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Joan Campbell
2 years 6 months ago #60199 by Joan Campbell
My personal rent (where I live) up 25% a month plus the pet rental fee $25 a month per cat????
2 years 6 months ago #60199 by Joan Campbell
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Jill Douglas
2 years 6 months ago #60200 by Jill Douglas
I had to get my house appraised so I could refinance. The appraisal from this time to last time almost doubled!
2 years 6 months ago #60200 by Jill Douglas
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Shelly Griggs
2 years 6 months ago #60201 by Shelly Griggs
About the same. I read an article yesterday that Phoenix needs 15,000 more apartments to stay up with demand. I don’t see it slowing down here anytime soon.
2 years 6 months ago #60201 by Shelly Griggs
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2 years 6 months ago #60202 by Gerry Hunt
Here is some good info on this topic. It is a few years old, but still relevant! www.nmhc.org/.../apartment_supply_shortage_2018 ...
2 years 6 months ago #60202 by Gerry Hunt
Topic Author
Sherry King
2 years 6 months ago #60203 by Sherry King
I’m blessed to have had that opportunity. I’ll share that my house value has more than doubled in that time. Seattle area. North end of lake Washington. It’s crazy. Based on neighboring house sales the last five months, it’s ‘market value’ ( we know how that works in our industry) is nearly five times what I bought it for 18 years ago.
2 years 6 months ago #60203 by Sherry King