{"id":11726,"date":"2017-07-03T11:47:28","date_gmt":"2017-07-03T16:47:28","guid":{"rendered":"https:\/\/therealdaily.com\/?p=11726"},"modified":"2017-07-03T11:47:28","modified_gmt":"2017-07-03T16:47:28","slug":"property-values","status":"publish","type":"post","link":"https:\/\/theamericangenius.com\/housing\/big-data\/property-values\/","title":{"rendered":"Most states are seeing a rise in property values, but these are the top dogs"},"content":{"rendered":"

First time-buyers beware<\/h2>\n

When it comes to the benefits of real estate as an investment, property values are king, and we\u2019re in a really good place for property values.<\/p>\n

Read also: Austin beats other tech hubs at highest moving costs<\/a><\/strong><\/div>\n

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\nMore and more markets are on the up and up, and while that\u2019s great for current investors, it can make it intimidating for first-time buyers to get in the game.<\/p>\n

Calculable hotness<\/h2>\n

The National Association of Realtors pulled together some data<\/a> on home prices to determine which states (and regions) reflect the hottest real estate markets in the country.<\/p>\n

According to their press release, the compared valuations from the American Community Survey conducted in 2005 against the data from 2016.<\/p>\n

This data is cross-referenced with the Federal Housing Finance Agency\u2019s House Price Index.<\/p>\n

Continuing an upward trend<\/h2>\n

Let\u2019s start with the Northeast, an area traditionally known for high home prices.<\/p>\n

On average home prices for Northeastern states grew by 3 percent. You might expect a New York or Boston to lead the way in price growth.<\/p>\n

Surprisingly, Pennsylvania home prices grew by 38 percent, the largest of all the states in that region.<\/p><\/blockquote>\n

Other states with double-digit property value growth include Vermont (29 percent), New York (19 percent) and Maine (14 percent). On the other side, Rhode Island saw a 9 percent decrease in home prices. The only other state that saw a decrease was New Jersey, with an average one percent decrease in home values.<\/p>\n

West doing well<\/h2>\n

The Western region showed similarly surprising results in terms of growth.<\/p>\n

Where you might expect California to show strong growth, they are the second-worst state for growth, showing a one percent increase in more than ten years.<\/p><\/blockquote>\n

Instead, Montana and Wyoming, with 79 percent growth and 66 percent growth, respectively, topped the regional list.<\/p>\n

Many other states saw an increase of 40 percent or more in values, including Utah, Idaho, Oregon, New Mexico, and Colorado.<\/p>\n

Nevada is the lone loser in this region; property values decreased 16 percent in that state.<\/p>\n

You go Midwest, you go<\/h2>\n

Thanks to the regional growth over the last ten years, property values in the South are on a tear; no states in this region saw negative growth.<\/p>\n

Louisiana leads the pack with 56 percent growth, and Texas is close behind with 53 percent growth. Florida shows the lowest growth at 2 percent.<\/p>\n

Finally, the Midwest region is home to the state with the highest property growth.<\/p>\n

At a whopping 103 percent increase in value, North Dakota leads the entire country in property growth value.<\/p><\/blockquote>\n

Second to North Dakota is South Dakota, with 53 percent growth.<\/p>\n

Like the South, no states in the Midwestern region saw negative property value growth. Illinois\u2019 median home prices remained the same.<\/p>\n

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#midwestwins<\/h3>\n","protected":false},"excerpt":{"rendered":"

(REAL ESTATE DATA) Which states have the highest growth in property values? We’ve broken it down for you!<\/p>\n","protected":false},"author":337672,"featured_media":11370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"wds_primary_category":0,"footnotes":"","jetpack_post_was_ever_published":false,"_links_to":"","_links_to_target":""},"categories":[91],"tags":[571,1625,1234],"class_list":["post-11726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-big-data","tag-home-buying","tag-property-values","tag-real-estate-news"],"jetpack_featured_media_url":"https:\/\/theamericangenius.com\/housing\/wp-content\/uploads\/sites\/2\/2017\/05\/house-home-interior.jpg","jetpack_sharing_enabled":true,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/11726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/users\/337672"}],"replies":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/comments?post=11726"}],"version-history":[{"count":17,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/11726\/revisions"}],"predecessor-version":[{"id":11783,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/11726\/revisions\/11783"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/media\/11370"}],"wp:attachment":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/media?parent=11726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/categories?post=11726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/tags?post=11726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}