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Property Valuation

They Don’t Build Them Like They Used To

A Comparison of Three Residential Constructions

James Siebers    |    Property Valuation

The evolution of building materials has made the newly constructed homes better able to withstand elements like wear and tear and weather. Man-made materials, improved insulation, smartphone thermostats, open layouts, bigger closets and three-car garages make the new homes more energy-efficient and conducive to a modern family’s lifestyle. But to some folks, the charm of an older...

National Home Prices Increased Nearly 7 Percent Year Over Year in March 2016

Prices Have Risen Nearly 40 Percent From the 2011 Trough

Molly Boesel    |    Property Valuation

YOY HPI Growth for 25 Highest App States
  • Home prices including distressed sales increased 6.7 percent year over year in March 2016 and remained 5.3 percent below the April 2006 peak.
  • Washington had the largest year-over-year price growth of any state in March 2016.
  • Appreciation slowed in some oil markets such as in several Texas metro areas: Houston-The Woodlands-Sugar Land logged a 6.1 percent...

Comparing the Real Cost of Owning Property Across the United States

Illinois has the highest property tax rate in the U.S., Hawaii has the lowest

Dominique Lalisse    |    Property Valuation

States Ranked by Media Property Tax Rates

The accurate estimation of the amount of property taxes in any given area throughout the country is a challenging task due to the complexity and heterogeneity of property taxation in the United States. The total amount can include property taxes paid to multiple agencies with varying formulae, including both fixed and variable components. To provide a meaningful comparison of property tax...

Home Prices Rise in All States in February 2016

Nationally Prices Increased Nearly 7 Percent Year Over Year in February 2016

Molly Boesel    |    Property Valuation

  • Home prices including distressed sales increased 6.8 percent year over year in February 2016 and remain 6.5 percent below the April 2006 peak.
  • Washington had the largest year-over-year HPI growth of any state in February 2016.
  • Appreciation slowed in some oil markets, with Houston-The Woodlands-Sugar Land, Texas logging a 5.3 percent year-over-year gain and Midland,...

Market Value vs. Replacement Cost

How to understand the difference between these two value approaches

James Siebers    |    Property Valuation

Market Value vs. Replacement

The market value and replacement cost of a building are not the same thing. They are distinctly different concepts which are estimated using different criteria. It is not necessary that the market value and replacement cost of a building are identical. They are two distinctly different approaches to valuing a property.

Market value is the estimated price at which your property...

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