Housing market conditions can vary from one location to the next. What’s true in one area may not be in another. That’s certainly the case when looking at home price trends in different cities across the country. The trend in Los Angeles, for example, can be very different from what’s happening in Louisville. So while home prices have been increasing recently, not every metro area has seen the same gains and some may not even have seen gains at all. A new report from the National Association of Realtors addresses these differences in an effort to determine how many metros saw prices up during the third quarter. So what did the report find? Well, according to the NAR, 182 of the 221 cities measured saw increases. That’s 80 percent of the included metros. Additionally, 11 percent saw double-digit increases. Regionally, prices were up most in the Northeast and Midwest. In both regions, prices were up just over 5 percent year-over-year. The South, on the other hand, saw a 1.7 percent increase and the West was up just 0.6 percent. (source)
