Home Prices Over the Last Year
Once a quarter, the FHFA (Federal Housing Finance Agency) reports on the year-over-year changes in the prices of the home. To no surprise, every region has seen a nice increase in home prices.
Here are the results by region:
If we take a look at the breakdown by state, you can see that each state is appreciating at a different rate. Washington is up over 10% and is DEFINITELY a leader when it comes to appreciation.
What does this mean for you? Well, it's important if you're planning on relocating, or on the verge of buying, or even selling.
Especially in the hot markets, it means that it could be a good time to cash out on your investment, while we're at the peak of the market.
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