Wednesday, May 8, 2024 | The Latest Buzz for the Appraisal Industry

Majority of Metro Areas See Spike in Home Prices in Third Quarter of 2021

Strong homebuyer demand and limited housing supply led to median sales prices rising for existing single-family homes in all but one of 183 measured markets in the third quarter of 2021. This is according to the latest quarterly report from the National Association of Realtors (NAR), which found that 78% of 183 markets experienced double-digit year-over-year price increases, fewer than in the prior quarter (94%). Three metro areas saw price gains of over 30%

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Karen Connolly

Going to Extremes

Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies

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