DataMarkets & Economy

National home prices hit peak while cash buyers decline, report says

Attom Data Solutions reports the US median home value higher than in 2005
  • The U.S. median home price reached its 52nd consecutive month of growth in June.
  • National median price is now at a historical peak of $231,000 – outpacing the previous highpoint in 2005, when it was $228,000, by 1 percent.
  • Austin home price appreciation is up 12 percent from last year, while Houston is down by 2 percent.

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Despite varying growth patterns across the nation, the U.S. median home price reached its 52nd consecutive month of growth in June, according to Attom Data Solutions' June and Q2 home sales report. The U.S. median home price was at a historical peak of $231,000, outpacing the previous highpoint in 2005, when it was $228,000. “We’re in a booming real estate market once again, just like we were 10 years ago,” said Daren Blomquist, senior vice president at Attom (formerly RealtyTrac). “In many markets throughout the country, the fallout from the housing and foreclosure crisis has been repaired.” Almost half of all metros (63 out of 130) surveyed in June were at their individual price peaks since the market bottomed out in 2012, the report says. “Homeowners have regained their equity, and buyers can expect their homes to appreciate in value,” Blomquist said. A closer look at home prices Among the metro areas with the largest annual appreciation wa...