House Values

Hi
Am hoping one of you smart Brownstoners can answer this question for me:
Bearing in mind we are “past the days of real estate hoopla”

What can one expect to gain each year on their house? Is it still 4% a year since the time you bought it. Is that compounded yearly?

For example if you bought your house in 2000 for $500K what would it’s worth really be(minus upgrades)

Thanks in advance!

By gemini10 |