While other matter categories have had higher year -
over-year median rate increases, this is one of the highest CAGRs for the groupings of matters we report on.
Not exact matches
According to Genworth Financial's Cost of Care Survey for 2017, the annual
median cost of services increased by an average of 4.5 percent in 2017 from the prior year, the second - highest year -
over-year increase since the study began in 2004 and nearly three times the overall
rate of inflation.
Turning to partner
rate growth by practice area, the year -
over-year increase in
median partner
rates is higher in most groups than in prior Trends Reports.
Across all states, the
median year -
over-year growth for partner hourly
rates is 2.2 %.
Across all states, the
median year -
over-year growth for unique partner hourly
rates is 2.3 %.
Home prices in the Midwest and West grew at the highest year -
over-year rate, both 7.2 percent to a
median existing single - family value of $ 193,800 and $ 374,400, respectively, according to the report.
This past year has given real estate agents much to be grateful for: According to NAR, existing home sales continued to improve in 2012 and in August 2012, the national
median price rose year -
over-year for the sixth straight month; Freddie Mac reports 30 - year fixed mortgage
rates remain near all time record lows; and homebuyers have more access to home listings thanks to the mobile app home search evolution.
Methodology: realtor.com ® examined key housing indicators including: search rank,
median list price, year -
over-year change in inventory,
median age of inventory and unemployment
rates across 146 markets and evaluated the metrics against the needs and desires of the typical first - time home buyer.
The
median price of single - family homes bought for investment purposes specifically rose by 17.1 percent year -
over-year, to $ 238,000, and the average investment cap
rate compressed by 90 basis points, to 5.2 percent.