NEWPORT BEACH-CORONA DEL MAR, CA — Nationally, residence costs elevated within the final 12 months on the quickest price because the Seventies, however the price of enhance is anticipated to gradual between 2021 and 2022.
Costs elevated 1.6 % from April to Could within the Anaheim-Santa Ana-Irvine CA Metropolitan Division, in accordance with the newest knowledge from the S&P CoreLogic Case-Shiller Index, one of many main trackers of the housing market. Costs are up 17.4 % from June 2020.
Costs within the backside third of the market within the Anaheim-Santa Ana-Irvine CA Metropolitan Division — these priced underneath $869,000, usually designated as starter properties — elevated 14 % 12 months over 12 months. The highest third of the market (properties over $1,236,000) noticed a 19 % enhance.
Nationally, costs elevated 17.2 % from June 2020 to 2021, in accordance with the CoreLogic Dwelling Value Index. The year-over-year progress was the quickest on document since 1979.
