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:
Here is how each category did in 2016:
Bottom LineThe lower priced homes (which are more in demand) appreciated at greater rates than the homes at the upper ends of the spectrum.
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