Hilton Head Island, Bluffton, & The Surrounding SC Lowcountry
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Apr 16, 2015
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South Carolina was cited as having the highest appreciation of homes in the United States. Excluding distressed sales, the five states with the highest home price appreciation were: South Carolina (+9.7 percent), New York (+9.2 percent), Colorado (+9 percent), Texas (+7.9 percent) and Florida (+7.8 percent). Including distressed sales, the five states with the highest home price appreciation were: Colorado (+9.8 percent), South Carolina (+9.3), Michigan (+8.5 percent), Texas (+8.5 percent) and Wyoming (+8.4 percent).
Overall, according to CoreLogic’s February 2015 CoreLogic Home Price Index (HPI), U.S. home prices nationwide, including distressed sales, increased by 5.6 percent in February 2015 compared to February 2014. This change represents three years of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, increased by 1.1 percent in February 2015 compared to January 2015.
“In terms of home price appreciation, this has been the hottest spring in nine years,” said Anand Nallathambi, president and CEO of CoreLogic. “Home prices have now increased for 39 straight months as improved housing market and macro-economic fundamentals and tight supplies combine to support the positive trend. Assuming a continued benign interest rate environment, we expect home prices to rise by an additional five percent over the next twelve months.”
If you want to make a little piece of The Island your own, you need more than just a road map and a REALTOR. You need a partner who can make things happen.
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