Nationally, home prices increased in the last year at the fastest rate since the 1970s, but the rate of increase is expected to slow between 2021 and 2022.
Prices increased 2.2 percent from April to May in the Tacoma-Lakewood WA Metropolitan Division, according to the latest data from the S&P CoreLogic Case-Shiller Index, one of the leading trackers of the housing market. Prices are up 19.9 percent from June 2020.
Prices in the bottom third of the market in the Tacoma-Lakewood WA Metropolitan Division — those priced under $437,000, often designated as starter homes — increased 21 percent year over year. The top third of the market (homes over $565,000) saw a 19 percent increase.
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