Affordable housing is just one reason cities like Omaha, Buffalo and Grand Rapids are becoming desirable places to move, particularly for first-time homebuyers, many of whom are millennials, though prices there are rising, too.
Home prices were up 4.3% year-over-year in Cleveland in March to a reading of 112.8 on the latest S&P CoreLogic Case-Shiller U.S. National Home Price Index. Detroit experienced a 7% increase for the period to a score of 111.01 on the index. (For comparison, prices were up 12.3% in Seattle to a mark of 216.79.) Nationwide, prices rose 5.8% for the year to 186.95 on the index.