Homes.com is excited to announce that eighty-nine markets have reached full recovery and housing market price gains have achieved the greatest year-over-year increase in seven years! That’s right; the most recent Homes.com Local Market Index and Rebound Reports are in, so let’s get to it!
Apparently climate is not a factor in the housing market because Anchorage, Alaska and Hilo, Hawaii were the top-performing markets on a year-to-year basis for the seventh month in a row! Anchorage won the race with an increase of 18 percent, but Hilo came in a close second with an increase of more than 15 percent. From a month-to-month standpoint, Medford, OR saw a 1.56 index point jump, the largest gain among all markets. Continue reading