Single-family home prices rose 7.8 percent in the Sarasota-Manatee region in June over the year, data provider CoreLogic reported Tuesday. Corelogic also said home prices increased by 1.6 percent in June compared to May of this year. Values are derived from state-level forecast by weighting indices according to the number of owner-occupied households for each state. “We see prices continuing to increase at a healthy rate over the next year by as much as 5%”.
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“Mortgage rates dipped in June to their lowest level in more than three years, supporting home purchases”, said Dr. Areas with “strong economic growth” like Denver are flourishing, where prices rose 10.2% in June, CoreLogic noted in a release. “Among large metropolitan areas, Denver had the lowest unemployment rate and the strongest home-price appreciation”. But some of the metros that saw the sharpest declines during the housing bust are also posting strong gains now, such as Miami, which gained 6.2% in June. Meanwhile, home prices actually fell by 1.7% in CT and by 0.8% in New Jersey from June 2015. The research firm analyzes monthly home sales to calculate pricing trends, including distressed properties.
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The data shows home prices in Charlottesville rose by 0.4 percent in June of this year compared with this same time last year.
