Posts Tagged home prices

Home Prices Accelerated in November

Home prices increased faster in November, with Seattle, Las Vegas and San Francisco seeing the highest three-month increases across S&P/Case-Shiller’s 20-city index. The latest report shows home price growth is continuing to rise across the nation. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.2% annual gain in November, up from 6.1% in the previous month. The 10-City Composite annual increase came in at 6.1%, up from 5.9% the previous month. The 20-City Composite posted a 6.4% year-over-year gain, up from 6.3% the previous month.Furthermore, it’s worth noting that the

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Nearly 1 in 4 home buyers paid above listing price in 2017

House with Sold Sign

With tight housing inventory and low mortgage rates highlighting the end of 2017’s real estate market, buyers made more aggressive bids to secure the homes they wanted. According to recent data from Zillow, 24 percent of home buyers paid more than the asking price last year–the biggest share since the real estate website began compiling the data in 2012.

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Existing Home Prices Continue to Drop

Young Woman Holding A Box Of Currency Over White Background

Hopeful home buyers who plan to make offers by the end of 2017 are in luck. According to recent data, home prices in the U.S. are falling, continuing a trend we’ve been seeing since July. So while it may not be the optimal time for homeowners to sell, it’s a great time for buyers (especially first time buyers) to step into the market and find their dream home. According to a recent article from realtor.com, the median price of an existing home (one that has been previously lived in) dropped .24% from September to $247,000 in October. Realtor.com gathered this

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