In local real estate markets all across the United States, the average listing price for homes are soaring, with the supply of homes coming on the market at historic lows, as low mortgage interest rates continue to increase the purchasing power for potential buyers.
Many owners are finding themselves in a predicament about whether to stay put in their homes, or compete in the scorching real estate market to realize the gains from the increasing equity in their homes and purchasing anew before mortgage rates increase from their historic lows.
With property taxes likely to increase due to recent shortfalls in county and municipal governments due to the coronavirus pandemic, and the recent revaluation from the tax authorities in places such as Wake County and Orange County, homeowners are starting to feel the squeeze.
The 3 best areas to live in Greensboro if you want your house to appreciate in value
Based on the last 10 years of data from Info Sparks Triad Multiple Listing Service, these zip codes have seen great growth for homeowners Author: Chris Venzon (WFMY News2) Published: 4:28 PM EDT April 6, 2021 Updated: 5:51 PM EDT April 7, 2021
GREENSBORO, N.C.
The prime house-hunting season of 2021 horizon! Many homeowners, whether investing or buying to live-in, want to see the value of their homes go up over time, even in a year when prices are high.
By pulling data from Info Sparks Triad Multiple Listing Service, which is used to by realtors, appraisers and banks to assess a home s value, we can examine the areas in Greensboro that have seen the greatest and most consistent growth in property value in the past decade.