The latest data from mortgage lender Black Knight Financial shows a 5.4 per cent rise in home prices across the US in the year to April 2016. Monthly prices rose 1 per cent from March to reach an average $260,000.
Washington DC was once again the metro with the largest appreciation in home prices, up 1.9 per cent in the month while all states and metros experienced positive price movement in April, with 5 of the 20 largest states and 14 of the 40 largest metros hitting new peaks.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Centreville, Deer Park, Saint-Elzéar-de-Témiscouata, Winchester Springs, Rivière-à-Claude
Home prices in the US continued to show recovery following the housing crash during the financial crisis.