Homes By Owner- Flat Fee Our Mission for this Blog is to make all our knowledge available to our Sellers and Buyers, so that they make an informed decision.

Archive: August 2018

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Seller/Buyer

U.S. Home Prices Continue to Surge.

U.S. home prices continue to surge according to the latest S&P CoreLogic/Case-Shiller Indices, which found June prices on an upward trend (at 6.2 percent year-over-year), inciting affordability concerns. Home prices continue to rise across the U.S. said David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices. However, even as home prices keep climbing, we are seeing signs that growth is easing in the housing market. Sales of both new and existing homes are roughly flat over the last six months amidst news stories of an increase in the number of homes for sale in some market. Rising mortgage rates—30-year fixed-rate mortgages rose from 4 percent to 4.5 percent since January—and the rise in home prices are affecting housing affordability. Read all of U.S. Home Prices Continue to Surge.