So which are the highest appreciated homes? Over the last year there has been a substantial rise in home values. The National Association of Realtors reports an increase of 7.1% for middle class homes, indicated in their recent Existing Home Sales Report. Another source, CoreLogic, affirms in their current Home Price Insights Report a hike of 6.9% each year.
CoreLogic has catagorized this growth into four seperate catagories:
- Lower Priced Homes: Cost is 75% or lower of the median
- Low-to-Midlevel Priced Homes: Cost is 75-100% of median
- Midlevel-to-Moderate Priced Homes: Cost is 100-125% of median
- High Priced Homes: Cost is greater than 125% of median
2016 catagory performance:
So which are the highest appreciated homes? Higher priced homes have not appreciated as fast as lower cost homes.
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