4 Levels of Price Appreciation; Mid Year Gain is 6.7% Yr over Yr
Accuweather in Lake Arrowhead……. …………………………..October 2, 2017 Issue 283
Which Homes Have Increased in Value the Most?
Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report (Existing-Home Sales Subside 1.7% in August) from the National Association of Realtors puts the annual increase in the median existing-home price at 5.6%. CoreLogic, in their most recent Home Price Index Report, revealed that national home prices have increased by 6.7% year-over-year.
CoreLogic broke appreciation down ever further into four price ranges which gives a more detailed view than simply looking at the year-over-year increases of the national median home price.
The chart below shows the four tiers and each one’s growth from July 2016 to July 2017 (the latest data available).
At mid-year the lowest price homes have the highest gain.