The U.S. housing market is splitting: metro areas with the highest home value appreciation over the past 30 years have grown exponentially faster than those with the slowest appreciation. And, according to a Trulia report, the split is widening. Ralph McLaughlin, chief economist at Trulia, analyzed home values in the top 100 metro areas in the U.S. His research shows that not only are zero of those top metros in Southern and East Coast states, those markets are appreciating drastically slower than the opposite end of the spectrum. Looking at the report, San Francisco is the hare and Dayton, Ohio, is the tortoise. Except this marathon is far from over. McLaughlin's report stated that in 1986, the benchmark date with which the data is set, home prices in the top 20 metros were 114 percent higher than the least expensive metros. That number is now 319 percent. Back to the tortoise and the hare: The return on investment for betting on the hare (San Francisco) at the sta...
- Home values on the West Coast have increased exponentially over the past 30 years versus the slow increases seen in the South and East Coast.
- San Francisco has the highest median home price for the last 30 years and remains the most expensive, with a $1,058,474 median price tag.
- The value median value increase in San Francisco since 1986 was 557 percent. Oakland grew 383 percent in the same time, while Los Angeles grew 348.1 percent.
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