Industry News

Real estate appreciation doesn’t add up

Homeowner stunned by value of home bought in 1949

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Dear Real Estate Ethicist, My home is not worth as much as my children, my neighbors and my Realtor say it is: $989,775! My deceased husband Charlie and I paid $13,000 for it in 1949 when he returned from the war. And all we did was put in a new kitchen, four new paint jobs, some new wiring and lots of love, you must be kidding me? This is wrong. –House Rich Guilt Dear House Rich Guilt, Indeed, home-price appreciation in some housing markets does not add up. The Federal Reserve released a study last week that showed real estate is the biggest contributor of wealth in the United States. If you are truly disturbed, give me a call. I will help you out with the largess. –Real Estate Ethicist Got a question for the Ethicist? Send it to ethicist@inman.com. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story. ...