MLS adopts new tech

A Zillow study found that in 25 of 38 major metros, home value growth outpaced median salaries. In 11 of the metros analyzed, the average home value rose by over $100,000. San Jose led the way with an average home in the city gaining a value of $229,277 in 2021. Overall, the Zillow study shows that the average U.S. home saw an appreciation of $52,667. Real estate been a sustaining economic boon for many Americans over the difficult couple of last years. Homeowners and sellers have seen big gains. With interest rates rising, increases of this size are unlikely in the foreseeable future.