Over the last 7.5 years, the Case-Shiller national home price index has increased 24.9% on a cumulative basis. But I have argued in numerous articles that that figure is grossly overstated. A new RealtyTrac report supports my claim, and shows the actual number is only 16%. Let's take a good look at this report to find out what has really occurred in major housing markets around the country.
In April 2016, RealtyTrac published its US Home Sales Report for the first quarter of 2016. This included a detailed study of 125 housing markets in which a minimum of 300 sales were closed in March. RealtyTrac analyzed all sales for which they had data on the previous sale of that property.
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