{"id":653,"date":"2017-02-06T00:00:00","date_gmt":"2017-02-06T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/44-of-markets-zoom-to-record-price-highs\/"},"modified":"2017-02-06T00:00:00","modified_gmt":"2017-02-06T00:00:00","slug":"44-of-markets-zoom-to-record-price-highs","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/44-of-markets-zoom-to-record-price-highs\/","title":{"rendered":"44% of Markets Zoom to Record Price Highs"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div readability=\"47.667422096317\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"42.803399433428\"><!--paging_filter--><\/p>\n<p>Among 201 metro areas with populations of at least 200,000, 89 of those metros \u2013 or 44 percent \u2013 reached new all-time <a href=\"https:\/\/amazingproperty.com.ng\/blog\/tips-for-house-price-negotiation\/\">home price<\/a> peaks in 2016, according to new data released by ATTOM Data Solutions.<\/p>\n<blockquote readability=\"1.1224489795918\">\n<p><strong>Read more<\/strong>: <a href=\"http:\/\/realtormag.realtor.org\/daily-news\/2017\/02\/03\/sellers-see-biggest-profits-2007\">Sellers See Biggest Profits Since 2007<\/a><\/p>\n<\/blockquote>\n<p>Notably, markets reaching new price highs included:<\/p>\n<ul>\n<li>Dallas-Fort Worth, Texas: $230,571<\/li>\n<li>Houston, Texas: $214,795<\/li>\n<li>Atlanta, Ga.: $181,000<\/li>\n<li>Boston, Mass.: $390,000<\/li>\n<li>San Francisco: $720,000<\/li>\n<\/ul>\n<p>Several Ohio markets \u2013 Dayton, Columbus, and Cincinnati \u2013 also saw new all-time home price peaks reached in 2016.<\/p>\n<p>\u201cMuch of this is due to a growing economy and the shift from a manufacturing economy to a service-based economy,\u201d notes Matthew Watercutter, a senior regional vice president and broker of record for HER REALTORS\u00ae in Ohio. \u201cMedian home prices in our markets reached its highest peaks in 2016, largely due to lack of inventory, and supply and demand. Buyers are moving and relocating, causing a great deal of competition for quality inventory, and causing homes to sell quickly, and at a higher price than in recent years. Because appraisers look to the past, and do not predict the future, there are still some appraisal issues where appraisals are not meeting sales price. This can only be rectified through strong sales, so this issue will likely resolve itself.\u201d<\/p>\n<p>ATTOM Data Solutions\u2019 report also notes that 95 of the 201 metro areas analyzed still remain below their pre-recession (2009 or earlier) peaks in median home prices in 2016. For example, New York-Newark-New Jersey City remains 14.3 percent below its peak; Chicago is 12 percent below its peak; Washington, D.C., is 3.2 percent below; Philadelphia is 2.9 percent below; and Los Angeles is 1.8 percent below its peak.<\/p>\n<p><em>Source: <a href=\"http:\/\/www.realtytrac.com\/news\/foreclosure-trends\/2016-year-end-home-sales-report\/\" target=\"_blank\">RealtyTrac<\/a><\/em><\/p>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/sGDRW80w01U\/44-markets-zoom-record-price-highs\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Among 201 metro areas with populations of at least 200,000, 89 of those metros \u2013 &hellip; <a title=\"44% of Markets Zoom to Record Price Highs\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/44-of-markets-zoom-to-record-price-highs\/\"><span class=\"screen-reader-text\">44% of Markets Zoom to Record Price Highs<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[12908,543,127,41,818,219,61,15296],"class_list":["post-653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-home","tag-home-buying-guide","tag-homes","tag-property","tag-real","tag-realty","tag-seller","tag-target"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/sGDRW80w01U","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2712,"url":"https:\/\/amazingproperty.com.ng\/blog\/what-has-mortgage-lenders-so-upbeat\/","url_meta":{"origin":653,"position":0},"title":"What Has Mortgage Lenders So Upbeat?","author":"Amazing Property","date":"March 29, 2017","format":false,"excerpt":"Mortgage lenders\u2019 optimism reached a high in a first-quarter survey, even as lenders expressed pressing challenges to their profit margins, according to Fannie Mae\u2019s 2017 Mortgage Lender Sentiment Survey. Lenders say they\u2019re most upbeat about the direction of the economy and home prices. They also continue to report modest easing\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":729,"url":"https:\/\/amazingproperty.com.ng\/blog\/home-prices-are-soaring-to-new-highs\/","url_meta":{"origin":653,"position":1},"title":"Home Prices Are Soaring to New Highs","author":"Amazing Property","date":"February 10, 2017","format":false,"excerpt":"[ad_1] Home price appreciation picked up speed in the final three months of 2016, prompting the majority of metro areas to soar to new record highs with home prices, the National Association of REALTORS\u00ae\u2019 latest quarterly report reveals. Of the 150 markets NAR has tracked since 2005, 52 percent \u2013\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8040,"url":"https:\/\/amazingproperty.com.ng\/blog\/cities-breaking-records-for-price-appreciation\/","url_meta":{"origin":653,"position":2},"title":"Cities Breaking Records for Price Appreciation","author":"Amazing Property","date":"February 5, 2018","format":false,"excerpt":"Strong demand and low inventories fueled home prices to record highs in 2017, as the median home price in the U.S. reached $235,000, up 8.3 percent from 2016, according to real estate data firm ATTOM Data Solutions. Still, annual price appreciation showed signs of slowing; in 2016, the national median\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1517860283 1 Rss.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/1517860283_1_rss.png?fit=599%2C586&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/1517860283_1_rss.png?fit=599%2C586&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/1517860283_1_rss.png?fit=599%2C586&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":9389,"url":"https:\/\/amazingproperty.com.ng\/blog\/black-friday-for-home-buying-is-near\/","url_meta":{"origin":653,"position":3},"title":"\u2018Black Friday\u2019 for Home Buying Is Near","author":"Amazing Property","date":"September 21, 2019","format":false,"excerpt":"The week of Sept. 22, which marks the beginning of fall, is the best time of year to buy a home, according to a new realtor.com\u00ae analysis. Buyers tend to find less competition, more inventory, and the biggest reductions on list price during that week, according to the study, which\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Black Friday\u2019 for Home Buying Is Near","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2019\/09\/1909_922realtor.com_.png?fit=672%2C1071&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2019\/09\/1909_922realtor.com_.png?fit=672%2C1071&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2019\/09\/1909_922realtor.com_.png?fit=672%2C1071&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7092,"url":"https:\/\/amazingproperty.com.ng\/blog\/realtor-com-housing-boom-is-officially-back\/","url_meta":{"origin":653,"position":4},"title":"Realtor.com\u00ae: Housing Boom Is Officially Back","author":"Amazing Property","date":"November 13, 2017","format":false,"excerpt":"Housing prices have returned to the \u201cboom levels\u201d of a decade ago, but this time around, the fast appreciation is being fueled by strong supply-and-demand dynamics rather than predatory lending practices, investor speculation, and too much construction, according to new realtor.com\u00ae data released Monday. \u201cAs we compare today\u2019s market dynamics\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":673,"url":"https:\/\/amazingproperty.com.ng\/blog\/expect-more-gripes-about-home-affordability\/","url_meta":{"origin":653,"position":5},"title":"Expect More Gripes About Home Affordability","author":"Amazing Property","date":"February 8, 2017","format":false,"excerpt":"[ad_1] Housing affordability dropped to the lowest level in seven years at the end of 2016. It now takes 22.2 percent of a person\u2019s median income to make the monthly principal and interest payment on a median-priced home, according to new findings from Black Knight Financial Services. That amounts to\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=653"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/654"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}