Are House Prices Beginning To Accelerate Again

Are House Prices Beginning To Accelerate Again


Are House Prices Beginning to Accelerate Again?

Posted: 25 Feb 2015 04:00 AM PST

Are House Prices Beginning to Accelerate Again? | Keeping Current Matters In a recent post, we explained that the supply of homes for sale in December was at its lowest level in over a year. The January National Housing Trend Report from realtor.comnow reveals that inventory in January has decreased another 6.7% month over month and 8.7% year over year. This is occurring at the same time that buyer activity (demand) remains strong. This prompted realtor.com’s Chief Economist Jonathan Smoke to report:
“January’s inventory data suggest a continuation of the tightening trend we identified last month in the December data, and with a shortage of inventory typically comes increased home prices. Half of the 200 marketsrealtor.com tracks experienced year-over-year price increases of at least 6% in January.”
This after the National Association of Realtors (NAR) had already reported in their latest quarterly report:
“The majority of metropolitan areas experienced steady but slightly stronger price growth in the fourth quarter of 2014, behind a decline in housing supply and an uptick in demand fueled by lower interest rates and a stronger job market.”

Bottom Line

Whether you are a first time buyer or a move-up buyer, now may be time to purchase a home – before prices increase any further.


Dawn Borkowski Headshot
Author:
Phone: 864-313-4608
Dated: February 25th 2015
Views: 393
About Dawn: ...

Property Search









RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Are You Ready To Sell This Spring In Greenville - Hey y'all! Welcome to April 2021!
2021 Housing Market Hot Or Not - Wondering about the 2021 Housing
The Month Of Love - Happy February!So, it's the month
Real Estate Market 2021 - Wondering how the Real Estate

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Guest Group Homes
1204-A E Washington St
Greenville, SC
864-990-3175
864-640-8341