Michigan Leads Midwest in Home Value Appreciation

The Federal Housing Finance Agency (FHFA) recently released their Quarterly Home Price Index, in which they compare home prices on a state-by-state basis compared to last year. Michigan experienced the largest increase (6.1%) of any Midwestern state, edging out runner-up Minnesota (5.9%).

FHFA-Home-Prices-KCM

 

Grand Rapids real estate is leading the way in the Mitten, which is why Forbes named the city as the #1 housing market of any metro area for 2016.

 

Source: FHFA and Keeping Current Matters
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