The nationwide data say that prices were up both quarter to quarter and year to year.
In the South (where Clear Capital puts us — others have us as “Mid-Atlantic” or “East”), prices rose about 1.2% quarter to quarter, but, more importantly, they rose by just under 1% year to year.
The company’s guess for the reason:
This appreciation in prices over last year was in part furnished by a stronger than typical winter home buying season, where mild weather got homebuyers out on the hunt and motivated earlier than usual.
But check this out: Three of the top 15 highest-performing areas are in Virginia.
|Rank||Region||Year to year||Qtr. to qtr.|
|4||Washington / Alexandria / Arlington||+7.5%||+5.1%|
|11||Virginia Beach / Norfolk / Newport News||+2.8%||+2.7%|