Markets & Economy

Seeking home price appreciation? Head west to find it

Denver, San Jose and San Francisco are seeing double-digit increases

While recent reports’ home price appreciation data and methodology differs, various sources agree that overall values are rising -- with markets in the West leading the way. According to Zillow, U.S. home values rose 3 percent year over year in May 2015 to $179,200. While this figure is nearly 9 percent below values seen at the peak of housing bubble, some of the nation's hottest markets -- Denver, San Jose and San Francisco -- are seeing double-digit price appreciation. Homes.com points to the West as the top-performing region during the past three months. During that span, home values rose by 1.19 percent. As of April, home prices in the West, along with the South, have appreciated much faster than in the Northwest and Midwest, FNC’s Residential Price Index shows. In the San Francisco Bay Area, San Jose and San Francisco saw home values grow by 11.9 percent and 10.7 percent, respectively, spanning May 2014 to May 2015. Zillow attributes this growth to low ...