Don’t give too much credence to the various doom and gloom predictions of the last year or two about the United State’s real estate market. Home value prices aren’t drastically dropping, the market isn’t crashing and the housing bubble isn’t bursting. It’s simply coming down and leveling out from an uncharacteristic boom of the last decade or so. Besides, knowing what the national medial home value is won’t help you find the perfect new home and area for yourself.
Real estate is an investment, so it’s important to invest somewhere your home is bound to gain value over the years. To do so, you have to examine the specific area you may be investing in. Take a look as past home value and sales trends. Then look at that area’s economy, population changes, job opportunities, unemployment rates and the attractions the area offers. A strong combination of these factors will almost always indicate the potential for large home value appreciation over the years.