Industry News Market Update News

Multiple cities from Washington and Idaho poised for appreciation

Photo by rawpixel on Unsplash

Cities in Washington and Idaho make up half of the top 10 U.S. markets Veros predicts will appreciate the most through Aug. 2019. 

REALTOR Magazine

Homeowners in the majority of housing markets across the country should expect to see home prices continue to appreciate by about 4.5 percent over the next 12 months, and, in a handful of western markets, owners likely will see their prices soar well past that, according to a new report from Veros, a valuation and analytics firm.

Western states hold the top 10 spots in forecasts of appreciation, with home price predictions ranging from 9 to 12 percent over the next 12 months, according to Veros. But other metros outside of the West will see appreciation too. For example, metros within South and North Carolina as well as within some Midwestern state like Michigan and Indiana are expected to perform strong in housing appreciation over the next year. For example, Indianapolis-Carmel, Ind., metro area property values are projected to appreciate at 8.5 percent over the next 12 months.

To read the rest of the article and see the top 10 predictions, click here: On the Watch List: 10 Housing Markets Poised for Appreciation

Related posts

Mortgage interest deduction: what to know for tax season


Five tips to make your listing Instagram-ready


ARM demand hits 14-year high