Newscruncher is a daily series that breaks down the characteristics of your town by the numbers. You can see more posts by clicking the Newscruncher link above the headline or by checking out our weekend roundups. If you see any technical issues with this map (like an "N/A" value on an important part of town), or if you'd like to suggest ideas for future Newscruncher articles, please email email@example.com.
The map above shows a snapshot of the percentage of homes across town whose values increased in the past year. The data are from September.
Several years since the housing bubble burst, home values have returned to October 2004 levels overall.
One of the reasons for the rise is that young adults, having stayed home because of the uncertain economic environment, have started to leave their parents’ places. They are creating households
at the fastest rate since 2007.
However, as the homes become less affordable and with mortgage rates rising, the national increase in home values is expected to slowdown.
The data in this map are from Zillow, a real estate Web site. Using your cursor, you can hover over any area of town and see in the box in the upper right hand corner of the map the percentage of homes whose values increased there. Zillow is a Patch Partner.
What do you think explains the percentage of homes whose values increased across town? Tell us in a comment or a blog post.