Home Prices at All-Time High in 63 Percent of Metro Areas
We reported yesterday that single-family home prices rose in 92 percent of NAR’s measured markets during the final three months of 2017. Add the 5.3 percent price growth overall last year, and the cumulative price gain nationally since 2011 is an impressive 48 percent.
This multi-year streak in price appreciation has been a welcoming sign for homeowners throughout most of the country, and especially for those who were unfortunately in a negative equity situation following the Great Recession.
Click here for a list of all metro areas where home prices are now at their all-time high.