Salem, Ore. Had the Highest Home Price Appreciation in 2017's Third Quarter
Home prices increased again this quarter, according to new data from the National Association of Realtors.
Four of the top five least affordable metros in this year's third quarter are in California, while Elmira, New York is the most affordable metro. Decatur, Illinois is also one of the top five most affordable metros in the U.S., though, it had the sharpest decline in home price appreciation at 13.2 percent.
Prices continue to drift up this quarter and outpacing qualifying incomes. With less inventory, faster price growth may become a challenge for potential homebuyers.