Markets & Economy

Home price gains exceed 5 percent in some markets

But clouds on the horizon could change things

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Takeaways: Price patterns for the top markets have been consistent for the past year. The West Coast and South are home to most of the top-performing markets. Some later-recovering markets, like Las Vegas, are bouncing back. Twelve major markets saw home price gains that exceeded 5 percent spanning June 2014 to June 2015. According to S&P/Case-Shiller’s Home Price Index, the average year-to-year appreciation for the largest 20 metros nationally was 5 percent. Denver, San Francisco and Dallas reported the highest year-over-year gains with price increases of 10.2 percent, 9.5 percent and 8.2 percent, respectively. Other better-than-average cities cited were Portland (7.8 percent), Miami (7.7 percent) and Seattle (7.4 percent). Markets that saw gains of 5 to 6 percent during the 12-month period include: Los Angeles (6.3 percent) Las Vegas (6.1 percent) Detroit (5.7 percent) Atlanta (5.4 percent) Tampa (5.4 percent) Charlotte (5.2 perc...