Home prices going up in W. Mich.
Updated: Saturday, August 3 2013, 12:23 AM EDT
(NEWSCHANNEL 3) - Homes are once again gaining value, not only nationally, but also in West Michigan.
According to a report by Core-Logic, home prices in Kalamazoo and Portage rose 0.7% in May, compared to May of last year.
From April to May, home prices increased by 1.9 percent.
Nationally, homes are worth 12.2 percent more compared to last year.
Economists say it's been more than 7 years since the housing market has seen these numbers.