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.

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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.