Continued increasing home prices land Deschutes County among the nation’s top 10, per the Federal Home Financing Administration (FHFA).
Rising among the fastest in the country, recent data from FHFA shows that Bend-Redmond home values are up 10.87% over the past year.
It’s been apparent that prices are on the rise locally, but the FHFA statistics illustrate just how much (and how quickly) home values in Bend and Redmond have increased and outpaced larger metro areas in the country.
…another telling sign was the five-year home price appreciation, which the FHFA said was 48.58 percent for the Bend-Redmond metro area. That’s well ahead of the five-year rise in any other top 20 market, even San Francisco and No. 1 for the quarter, Reno, Nevada.
The county (metro area) was No. 10 in the nation in home price appreciation for 2014, at 11.25 percent. It’s been in the top 10 among U.S. metro areas for the past year.
>> Read KTVZ.com’s full post here. <<
Overall, Oregon showed an appreciation rate of 7.96% for the past year.
And, on a national level:
U.S. house prices rose 1.2 percent in the second quarter of 2015 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). This is the 16th consecutive quarterly price increase in the purchase-only, seasonally adjusted index. FHFA’s seasonally adjusted monthly index for June was up 0.2 percent from May. House prices rose 5.4 percent from the second quarter of 2014 to the second quarter of 2015.
>> Read the full FHFA press release/statistics here. <<
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