Jasz
VIP Contributor
As a real estate investor, you're no doubt interested in how your property is performing. But why does a property's value matter? Because it helps you predict what the value of your property might be in the future.
When you buy a new home, for example, you're buying into a neighborhood that has been built up over time. When homeowners move out of an older neighborhood and into a newer one, the old neighborhood gradually loses its appeal and desirability, which means that the newer one becomes more desirable over time.
So how do you know if your current market trend is going to continue? By looking at local real estate trends.
Real estate trends can be hard to understand at first glance because they change so quickly. But when you look closely at what's happening in your own area, it becomes clear that there are certain things — such as zoning changes or new construction projects — that influence home values in specific neighborhoods.
When you buy a new home, for example, you're buying into a neighborhood that has been built up over time. When homeowners move out of an older neighborhood and into a newer one, the old neighborhood gradually loses its appeal and desirability, which means that the newer one becomes more desirable over time.
So how do you know if your current market trend is going to continue? By looking at local real estate trends.
Real estate trends can be hard to understand at first glance because they change so quickly. But when you look closely at what's happening in your own area, it becomes clear that there are certain things — such as zoning changes or new construction projects — that influence home values in specific neighborhoods.
