Home values set to continue rising in 97% of markets
The upward trend of US home values is set to continue with almost all markets gaining during the next 12 months.
The latest forecast from analytics firm Veros Real Estate Solutions calls for values to appreciate by 4% through September 1, 2018.
“Our Q3 forecast reveals the largest percentage of markets we have ever seen that are forecast to appreciate, with only 3% of markets expected to depreciate – showing continued general market strengthening for the overall U.S. residential real estate market,” says Eric Fox, VP of Statistical and Economic Modeling at Veros.
Increased values are forecast to be driven by the Northwestern states of Washington, Colorado and Idaho.
Washington’s Mount Vernon, Seattle and