Stay Connected

Twitter Facebook Linked In Follow Me on Pinterest

Translate

Thursday, March 16, 2017

Which Homes Have Appreciated the Most?

Which Homes Have Appreciated the Most? | Keeping Current Matters
Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year.
The CoreLogic report broke down appreciation even further into four different price categories:
  1. Lower Priced Homes: priced at 75% or less of the median
  2. Low-to-Middle Priced Homes: priced between 75-100% of the median
  3. Middle-to-Moderate Priced Homes: priced between 100-125% of the median
  4. High Price Homes: priced greater than 125% of the median
Here is how each category did in 2016:
Which Homes Have Appreciated the Most? | Keeping Current Matters

Bottom Line

The lower priced homes (which are more in demand) appreciated at greater rates than the homes at the upper ends of the spectrum.
Source: Keeping Current Matters | KCM CREW 031617

No comments:

Post a Comment