What is the major factor impacting real estate appreciation? Many assume that it's the economy. It goes without saying that interest rates, employment, business growth, government programs and a handful of other national determinants are known to influence your property's worth. However, your house's value and the elements that play the most significant role in its appreciation are specific to the local economy and housing market.

Location in a community - Proximity to work and schools also have a significant impact on many home buyers' choices. So when it comes to holding their value, these areas consistently appreciate much more reliably than areas lacking key features.

The latest home sales - Are homes on the market 30, 60, or 90 days or even longer? What was the final sales amount compared to the listing price? Some information can be obtained from public records, but a good agent with access to the local MLS will often be able to provide a more complete picture.

The appreciation history - Is the neighborhood believed to be desirable because of its location or affordability? Have house prices risen or declined over the past 5-10 years?

Economic factors - Have businesses moved into or away from an area? Are local companies hiring? Is there a fair combination of work in an area, or does it rely on just one industry? Each of these factors plays a role.

	It's important to be informed about the factors that affect your house's price. Visit this link for an estimation of your home's value. Call me at (910) 620-8890 or e-mail me if you have any questions at all. I'd love to hear from you.