Home Prices Inch Closer to New Peak

Lisle IL realtor new construction homes
Extra Costs When Buying New Construction
January 25, 2017
AR-170129472 invernes hills downers grove real estate agent
Inverness Hills in neighborhood profile
February 3, 2017
new peak home prices downers grove real estate

Downers Grove Real Estate Agent Beaka Kolpek

U.S. house prices are within a mere 0.3% of reaching a new nationwide peak, reports Black Knight Financial Services Inc. The agency’s newest Home Price Index, which reflects November 2016 residential real estate sales. The new study shows that home costs have risen 5.7% since the start of 2016.

Home prices reached new peaks in six of the country’s 20 largest states and eight of the 40 largest metros, the report read.

The current HPI (home price index) value nationwide is $267 thousand wich shows a 33.7 percent increase since January of 2012.

The following cities saw the biggest growth in month-to-month home price appreciation in November 2016:

  • New York: 1.4%
  • Nashville, Tenn.: 1.1%
  • Cape Coral, Fla.: 1%
  • The Villages, Fla.: 0.9%
  • Knoxville, Tenn.: 0.9%
  • Lakeland, Fla.: 0.9%
  • Coeur d’Alene, Idaho: 0.8%
  • Kingsport, Tenn.: 0.8%
  • Ocala, Fla.: 0.7%
  • Palm Bay, Fla.: 0.7%

new peak home prices downers grove real estate

Leave a Reply

Your email address will not be published. Required fields are marked *