Home prices have continued to rise in 2015, according to CoreLogic and its national Home Price Index. From January through September, home prices increased more than 6%, CoreLogic data shows.
But not all submarkets are the same, although home prices in each market are distributed around a central value. When the median value in a market is examined, several trends appear:
First, all four price tiers have appreciated, on average, in the U.S. over the past year. Second, the amount of home price appreciation is greatest for the lowest priced homes and least for the highest priced homes. Third, this pattern occurs not just during the past year but also when we compare the price appreciation relative to the trough in home prices after the Great Recession.