Tag Archives: Home price

Increasing home prices aren’t a trend that just the middle and lower classes are experiencing—those in the million-dollar range are noticing, too. In fact, some of those that used to not have a million-dollar price tag now do.

There’s been much talk about housing prices surpassing their pre-recession peak, but a Harvard Housing Perspectives blog by Alexander Hermann posses the question, are they really?

For families wanting affordable housing and great school districts, an analysis by the New York Times shows it’s going to require a longer commute. There are suburban “sweet spots,” the article posits, but they’re further out from cities like Boston, Chicago, and New York. Lexington, Massachusetts, was just one of these sweet spots mentioned.

Although mortgage interest rates continue to remain at historical lows, the benefits of this current environment are not being taken advantage of by borrowers due to one pressing factor in the market: surging home price increases.

As home prices increase at a much slower pace than they have been over the last few years, potential homebuyers may have found their opportunity to enter the housing market as homes become more affordable.

Research released by Arch Mortgage Insurance Company in its Winter 2015 Edition of Housing and Mortgage Market Review showed an increased risk of lowering home prices in oil-producing states. Midland, Texas ranked highest for risk of lowering home prices at 60 percent. States and cities were examined on the likelihood of home prices being lowered in the next two years, based on recent economic and housing market data.