National home prices increased 13% year over year in April

Question - For an income property investment do you prefer a single-family home or an attached property (condo or townhouse)? Let me know below. It is stunning that home prices posted their third straight double-digit increase in April 2021. In the linked article, CoreLogic research highlights how detached properties are rising in price faster than attached. Year-over-year appreciation of detached properties (14.7%) was more than double that of attached properties (7.2%). This blows historical averages out of the water. Using a 10-year period from 2011-2021, you could have counted on a 15% appreciation disparity that favors detached properties (not the current 100% lopsidedness). As we emerge from Covid, will prospective buyers continue to seek out more space or return to closer living quarters in urban centers and suburbs? Click for Summary, Click for Article.

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