Checking The Pulse Of The Kansas City Real Estate Market

Across the U.S., home sale prices rose 3.8% in July and further improvement is anticipated when August’s stats are released, according to CoreLogic. The 3.8% improvement in July (compared to July 2011) is the largest yearly increase in more than 6 years. This is more great housing news for homeowners, who are looking to make continued gains in a real estate market that’s still more than 1/4 off 2006 peak values nationally. 

On a side note, it’s interesting to see which U.S. housing markets are doing the best and the states with the largest appreciation the past year are Arizona, Idaho, Utah, South Dakota and Colorado. Arizona is an interesting one on this list since it was one of the five states hit the hardest by the real estate downturn. Home values in Arizona have appreciated an impressive 16% the past year, a figure that’s still down nearly 43% from 2006 peak values.

Posted by Jason Brown