Which Homes Have Appreciated the Most? 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’s 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:
- Lower Priced Homes: priced at 75% or less of the median
- Low-to-Middle Priced Homes: priced between 75-100% of the median
- Middle-to-Moderate Priced Homes: priced between 100-125% of the median
- High Price Homes: priced greater than 125% of the median
Here is how each category did in 2016:
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.
Bank of America Foreclosure Moratorium! Happy Thanksgiving and Merry Christmas…More Short Sales?
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Imagine... Short Sell your home that's underwater, get rid of the Negative Equity, Rent it back for up to 3 years...then buy it back minus all the negative equity? https://shortsalesellit.com/?page_id=1434 Contact Kris & Kim to learn more! 323-999-1822...
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The Vanishing Home Buyer…
Need Short Sale Advice…Before You List The Home
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