Tag Archives: Home Prices

Low supply levels and increasing demand in the housing market are fueling home prices, in turn, placing all of the cards into sellers' hands.

Despite seasonal changes, home prices continued their upward trend in October 2015. However, despite the small month-over-month increase, home prices are still up 5.5 percent year-over-year.

It’s well known that home price increases in the Washington, D.C., Metro area have made it difficult to acquire affordable housing in and around the nation’s capitol.

Home prices are still climbing higher, even though the season change has caused things to slow down quite a bit in the housing market.

As the winter season presses on, the housing market is experiencing a seasonal slowdown in activity among home sales, prices, and inventory.

It’s a shortened market week for the Christmas holiday, but there are still a number of key metrics to look for this week.

The year 2016 is expected to usher in the creation of 1.25 million new households, higher rental demand, increased home sales, and a rise in home purchase loan originations even as refinancing volume plummets, CoreLogic’s Chief Economist predicted Monday.

The report showed that mid-sized metros experienced some of the largest price increases in the country, while larger metros saw home prices decline.

"Many markets have experienced a low inventory of homes for sale along with strong buyer demand, which is sustaining upward pressure on home prices. These conditions are likely to persist as we enter 2016,” said Dr. Frank Nothaft, chief economist for CoreLogic.

NAR Chief Economist Lawrence Yun believes pending home sales have been restrained in the fall season as "buyers struggle to overcome a scant number of available homes for sale and prices that are rising too fast in some markets."