Home Price Gains Continue

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Mortgage and Lending with Blue Ridge Bank Mortgage NMLS # 78989

Home Price Gains ContinueHome prices, including distressed sales, rose 6.9 percent in August 2015 from August 2014, due in part to higher demand along with constrained supplies. In addition, an improving job market and an uptick in wage growth in the last year, coupled with historically low mortgage rates, are further strengthening home sales and home price gains. July to August saw a 1.2 percent gain. CoreLogic forecasts that prices will rise 4.3 percent from August 2015 to August 2016.

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Russell Smith - Your Mortgage Lending Expert

NMLS # 78989

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