News & Blog

From REALTOR® Magazine: Homes Appreciate at Fastest Rate Since 2014

Dec 14
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In one of their recent online articles, REALTOR® Magazine discusses how in spite of the negative economic impacts of the COVID-19 pandemic, 2020 has seen a booming housing market.
According to the National Association of REALTORS®  (NAR), existing-home prices for all housing types jumped 15.5% year over year in October to $313,000. Additionally, “Home prices at all market levels are accelerating at the fastest rates in the past six years. The lowest price tier saw an increase of 10.9% year over year in October compared to 9% for the low- to middle-price tier, 8.5% for the middle- to moderate-price tier, and 7.4% for the high price tier, according to CoreLogic data.”
While all states showed annual price increases, Maine led the 50 states, followed by Idaho and Arizona. Though New York experienced the lowest annual increases in October, prices there were still up 2.6% year over year.
To see the full article posted by REALTOR® Magazine, click here.

At North Eastern Group Realty, we are prepared to assist our clients with their significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale or find a Fort Wayne REALTOR®, visit our website at NorthEasternGroup.com.

North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.

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