The Law Office of Michael E. Ripley

Exceeding Expectations

Average Home Prices in the 20 Largest Cities is Up By 9.3%

According to an article in USA Today (July 30, 2014) the average home prices in the 20 largest cities across the United States were increased by 9.3% in May, compared to a year ago -- the smallest annual gain in more than a year. The article also says that it is good for the market, because it helps make homes more affordable and pulls in more buyers.