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Prices Rise on Homes for Sale Greatest since 2006
When real estate occupies most of your day (as it certainly does mine), you find yourself receiving no end of information. Some summarize points of view that are available elsewhere; some provide original information that isn’t particularly relevant to our local market.
One piece that gets more than the usual quick-scan-then-into-the-recycle-bin treatment is the HPI Data Report. It comes in once each month from the demographers at CoreLogic ®. This group knows what they are talking about: among other things, they collect the most comprehensive property database in the U.S.
March was relatively quiet on the news front, so when they checked in, I was able to give their report a thorough going-over. What I found:
Holy smoke! Prices of homes for sale nationwide made the biggest year-over-year increase in seven years!
Yikes! Year-over-year, even including distressed sales, prices of homes for sale jumped by an average 9.7% That’s just a whisker short of double-digits!
Good golly! Those homes for sale price jumps were taking place everywhere — in 49 out of the 51 states (the only exceptions were Illinois and Delaware).
One more exclamation! (I’ve run out): As if the trend direction isn’t already crystal clear, this represents the 11th ... more
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