HOME PRICES HIT NEW PEAKS IN TWO-THIRDS OF U.S. REAL ESTATE MARKETS
More than 90 percent of U.S. housing markets saw annual price growth in the fourth quarter, with the San Jose metropolitan area leading the country for appreciation.
That’s according to the National Association of Realtors’ latest quarterly report, which puts the median sales price for an existing U.S. single-family home at $247,800 in the fourth quarter, up 5.3 percent on an annual basis. Prices rose year over year in 92 percent of measured markets, and 64 percent reached new all-time highs in the fourth quarter.