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Home Prices Sizzled in July

By
Mortgage and Lending with Blue Ridge Bank Mortgage NMLS # 78989

CoreLogic reports that home prices, including distressed sales, rose 6.7 percent from July 2016 to July 2017. From June, home prices increased 0.9 percent month over month. CoreLogic says the "combination of steadily rising prices along with very tight inventory of unsold homes should keep upward pressure on home prices for the remainder of the year."

What a great time to buy a first home with a low rate and loan program easing environment.  Check out a recent informative article for first time buyers.

First Time Buyer Admits "If I had only known this!"

 

Posted by

Russell Smith - Your Mortgage Lending Expert

NMLS # 78989