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    Which Homes Have Appreciated the Most?

    Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year.

    The CoreLogic report broke down appreciation even further into four different price categories:

    1. Lower Priced Homes: priced at 75% or less of the median
    2. Low-to-Middle Priced Homes: priced between 75-100% of the median
    3. Middle-to-Moderate Priced Homes: priced between 100-125% of the median
    4. High Price Homes: priced greater than 125% of the median

    Here is how each category did in 2016:

    Which Homes Have Appreciated the Most? | MyKCM

    Bottom Line

    The lower priced homes (which are more in demand) appreciated at greater rates than the homes at the upper ends of the spectrum.

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    Danny Cheung

    I spent almost thirty (30) years with the Department of Defense in hardware/software design, development, operations, maintenance, and program manager before joining the Group in a full-time capacity. I am thrilled to put my years of experience as an Electronics Engineer and Program Manager to assist and lead our Real Estate Group to the next level. I am committed to establishing the tools and resources necessary for our team members to work more seamlessly and effectively, thus ensuring our clients' satisfaction. My wife and I have two daughters and a dog (he’s more like our son). I enjoy traveling and watching sports, especially football…Go Skins!

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