Housing market breaks records in May

June 20, 2017

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.

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