Evidently, home buyer interest – fueled by low mortgage rates as well as reduced inventories – helped drive prices up in 2013.
Now, experts are saying that home buyers and home sellers can expect price gains to level off in the wake of the home buying frenzy.
According to the Standard & Poor’s/Case-Shiller price index, U.S. home prices increased 11.3 percent year-over-year during the fourth quarter.
Meanwhile, the Case-Shiller index that measures home prices in 20 major metropolitan areas reported that prices increased 13.4 percent during that same period of time.
And another index, which is calculated by the Federal Housing Finance Agency, reported that prices increased 7.7 percent, to an eight-year high.
Here’s what else real estate analysts recently reported about the national housing market:
Experts say that the rising home prices are good in one sense, although they may also curb home buyer activity as homes become increasingly less affordable.
Still, in the long run, the leveling out of price gains is a good thing because it means a more stable and robust housing market.
We hope you stop by our blog again soon to get the latest information on national housing market activity.
We’re your national real estate experts and we’re here to help you make an informed decision on the market as a buyer or seller!
There’s a palpable excitement in the market as the spring selling season nears. The Fed…
Understanding the connection between mortgage rates and your monthly home payment is crucial for your…
Each year, the New Albany Chamber of Commerce honors businesses and community leaders for their…
Buying a home in a homeowners association (HOA) can come with both advantages and disadvantages.…
How do you know you've found the perfect match in an agent? Here are three…
In the thrilling journey of buying a home, there's a lot to learn. From setting…
This website uses cookies.