Enter your e-mail address and password below.
Home prices are generally moving upward across United States cities, but how well each of the individual markets is performing compared
to last year often comes down to the zip code, according to Clear Capital.
“The old adage ‘location, location,
location’ still applies,” the company reported in its latest market report. Clear
Capital noted that the price growth over the past 12 months within each of the
50 major metros varies by roughly 22 percent depending on where a home is
located within the city. For example, top-performing Cleveland zip codes saw
prices jump 42 percent this year compared to prices a year ago, whereas prices declined
by 23 percent in the city's worst-performing zip code.
“Even in stronger-performing
markets, like California and Florida, there is wide variation at the zip code
level,” the company reported.
Nationally, home prices should
increase by less than 5 percent after an underwhelming spring, Clear Capital
“We don’t expect to see a large pop in prices
through the summer buying season,” said Alex Villacorta, the company’s vice
president of research and analytics. “It’s likely we’ll keep chugging along at
our current pace, somewhere around 1 percent quarterly gains for the rest of
Questions? Contact Victor Whitman at (425) 984-6017 or
PreviousCommercial-backed securities continue to stabilize
NextBlack Knight: 800,000 loans with impending rate resets remain underwater
The text exceeds the maximum number of characters allowed.
Are you sure you want to permanently delete this blog comment? This action cannot be reversed.
You must enable your community profile to use this feature.
You have flagged this post for inappropriate content.
Please explain below. Thank you.
Get the latest news and articles from Scotsman Guide straight to your inbox.
Send me the following e-mails:
Top NewsTop Residential ArticlesTop Commercial ArticlesDone DealsLender Search
Thank you for signing up to receive e-mails from Scotsman Guide.
A confirmation e-mail has been sent to the address you provided.
For questions regarding your e-mail subscriptions please contact Circulation@ScotsmanGuide.com or call (800) 297-6061.
P.O. Box 692
Bothell, WA 98041-0692
Log In / Manage Account
Request a Media Kit
About Print Magazines
About Digital Magazines