Tag Archives: Prices

Pending home sales inched up 0.5 percent during the year according to the Pending Home Sales Index released by the National Association of Realtors (NAR) on Wednesday. The ...

The housing prices show no sign of falling. Yet, according to the Real House Price Index released by First American Financial Corporation (First American) on Monday, the home ...

Life's a beach for the luxury homes market which ended December with a year over year increase of 7.4 percent to an average of 1.76 million in the ...

Existing home sales slipped 3.6 percent to 5.57 million in December from a downwardly revised 5.78 million in November 2017, according to the monthly existing home sales report ...

U.S. remains a stable market despite rising home prices that are expected to slow down in 2018. However several cities in the West remain overvalued.

Low inventory is expected to be the biggest market driver in 2018 as price growth remains strong and homeowners refrain from selling.

Home prices are expected to rise by 4-8 percent in across most of the U.S. housing market during a year that will continue to reap profits for homesellers.

A recent housing report showed new construction increased in some of the country’s major metropolitan areas during the first quarter of this year. Much of this increase appears to be driven by increased housing demands and decreased supply. However, higher prices, rising construction costs and proximity to where consumers want to be are impacting just how much of an increase can be realized.

According to the Federal Housing Administration on Thursday, interest rates on conventional purchase-money mortgages decreased nationally from February to March. As interest rates dropped, prices have been on the rise, as shown in the FHFA’s last House Price Index for February, which released on Tuesday. House prices rose an average of 6.4 percent that month year-over -year, and up 0.6 percent month-over-month.

Luxury home prices are up more than 4 percent over the year, with Washington, D.C., seeing the biggest spike in price. According to one economist, potential tax cuts for the wealthy may be the cause. Other cities to see high year-over-year luxury home price growth were St. Petersburg, Florida; Portland, Oregon; Paradise, Nevada; West Palm Beach, Florida; and San Francisco.