Despite the uncertainty and conflicting data about the real estate and the housing market in USA home prices in some cities increase double digit in the past one year. In some places they increased big time. Look how much the house values have increased in the following 10 cities.
In fact, the data based on Forbes, Francesca Levy and reported by Realtor.org, shows that the home prices are not only decreasing, but have bounced very high from their bottoms. This data is derived from the research that examined every U.S. city with at least 100 homes for sale.
1. Lexington, Mass., +36 percent
2. Bay Village, Ohio, +32 percent
3. Sunnyvale, Calif., +32 percent
4. Poway, Calif., +27 percent
5. University City, Mo., +28 percent
6. Ambler, Pa., +26 percent
7. Allison Park, Pa. , +25 percent
8. New Braunfels, Texas, +25 percent
9. Kemp, Texas, +24 percent
10. Arcadia, Calif., +24 percent
There is a good reason why in some of these cities house prices have risen this high. According to Forbes writer Francesca Levy "lower-price homes are moving off the market more quickly than higher-price ones, thanks to government incentives including the First-Time Home Buyer Credit." About 8000 cities were examined in this list.
Written by Armen Hareyan
HULIQ.com
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