Is it “the best of times and the worst of times” for price growth in real estate in some U.S. cities?
Peeling back the excitement over appreciating home prices, data provider Clear Capital released a report designed to parse the voluminous information available on real estate price appreciation into meaningful, hyperlocal wisdom.
In the newly minted Home Data Index (HDI) Market Report, Clear Capital reports what it calls “an increasingly common phenomenon” across the US: “the schism in price growth between high-end and low- end properties.”
Nearly all markets, they say, are experiencing the same type of extremes, although prices are beginning to return to expected levels. When taking a closer look, the low price tier is where the best investment potential lies.