Markets continue to hit new price peaks

  • Affordability is taking a serious hit as markets hit new peaks; some have seen more than 7 percent growth so far this year.
  • San Jose, San Francisco and Denver remain top performers.
  • Detroit and Cleveland are surprise markets for January to July price appreciation.

During the first seven months of this year, 10 of the nation’s largest metros experienced home price appreciation that exceeded 7 percent. The top three metros in terms of 2015 appreciation are no surprise — San Jose, San Francisco and Denver. According to data from Black Knight Financial Services, these markets have all experienced double-digit price growth spanning January to July.