However, industry thought leaders point to ongoing inventory shortages as a factor keeping prices elevated.
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Rising Home Prices Creates Barriers for Buyers
David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices noted that financing a home continues to be a hurdle for first-time homebuyers as low inventories and short supply cause home prices to rise.
Read More »U.S. Home Prices Post Strong Gains in July, Case-Shiller Shows
Home prices across the country increased again in July 2015, rising 4.7 percent year-over-year compared to a 4.5 percent increase recorded the prior month. according to S&P/Case-Shiller Home Price Indices.
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