Which Homes Have Appreciated The Most In 2016

Which Homes Have Appreciated The Most In 2016

Which Homes Have Appreciated the Most?

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Home values have risen dramatically over the last twelve months. The latestExisting 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. 

TheCoreLogicreport 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

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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. Writer KCM

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Dated: March 19th 2017
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