Fort Lauderdale Real Estate | House Prices Move up
U.S. home prices continued their upward climb in April, with Corelogic reporting a 2.7 percent monthly advance, moving the year-on-year gain to 6.8 percent. This forward motion represents 38 months of consecutive year-over-year increases in home prices. While spring is typically the setting for a strong market, the data provider speculates that low inventories and growing sales may be the culprit of rocketing prices.
“Old-Fashion supple and demand, fueled by historically low mortgage rates and improving consumer finances and confidence, continue to push home prices up,” says Corelogic CEO and president Anand Nallathambi.
Including distressed sales, 3o states plus the district of Columbia were at or within 10 percent of their peak prices in April. Included among these states are Colorado, Alaska, Wyoming, Tennessee, Texas, Nebraska and New York.
For more on this story click here: Corelogic
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