What Does Appreciation Mean In Real Estate? 5-Minute Read Published on December 17, 2020 What Is The Average Appreciation Rate For Homes? The national average appreciation rate is 3% – 5% . The first thing you have to understand is that your land will drive the overall appreciation value of your home. However, certain situations like COVID-19 can change the entire situation a bit. Just to give you some context, in January of 2020, Veros Real Estate Solutions, a leader in enterprise risk management and collateral valuation, predicted that home appreciation values for 2020 would be 3.9% . However, just 4 months later, with COVID-19 in full effect, they changed their prediction to a drop to 1.9% for 2020. Another issue you could have with your home’s value is that it’s in a constant state of depreciation over time. The reason this is happening is due to maintenance, renovations and general upkeep. If you don’t maintain your home, its value can decrease. Currently, we are all bel
A Residential Real Estate Blog covering the city of Austin, Texas. Highlighting "Off Market" along with Austin Silent Market Inc Real Estate Active MLS Properties for Sale & Lease. Proud Indie ATX Business Advocacy and Local Culture. Curated by Austin Silent Market Broker Associate = George Vance McGee 512.657.9281 direct & georgevance@gmail.com