Real Estate Culture
  • Home
  • What is My Home Worth?
  • About
  • Contact

Real Estate is a LIFESTYLE

  Real Estate is indeed a lifestyle.  From contemporary layouts & interior design/decor, the rise and fall in economic markets, turn key and rehab properties - to know & understand the grit of real estate is to love what it represents.  Home.  Value.  Wealth.  Security blanket.  Personal accomplishment.  
Enjoy the information on this site, and refer your family and friends to indulge in Real Estate Culture!

Nearly Two-Thirds of U.S. Housing Markets See Home Prices Hit All-Time High #realestate #homeownership #investment

2/22/2018

1 Comment

 
Picture


Source:  Housing Wire

As housing inventory sank to its all-time low during the fourth quarter, home prices increased, creating all-new highs in many U.S. markets, according to the latest quarterly report form the National Association of Realtors.

The national median existing single-family home price in the fourth quarter came in at $247,800, up 5.3 percent from $235,400 in the fourth quarter of 2016.  During the third quarter, home prices increased 5.6 percent from the third quarter of 2016.

Single-family home prices increased in 92 percent of measured markets, or 162 out of 177 metropolitan statistical areas.  In fact, 15 percent of metro areas saw double digit increases, and now 64 percent of markets reached a new all-time high in home prices.  This is up by 18 metros from last quarter.

Total existing home sales, including single family and condos, increased 4.3 percent during the fourth quarter to a seasonally adjusted annual rate of 5.62 million, up from 5.39 million in the third quarter.  This is also up 1.3 percent from the 5.55 million pace in the fourth quarter of 2016.

But due to these higher levels of home sales, existing homes for sale shrank 10.3 percent from the 1.65 million homes at the end of the fourth quarter of 2016 to an average supply of just 3.5 months.  This represents a new low in housing inventory and is down from 4.2 months of supply in the fourth quarter of the previous year.

*** QUESTIONS ABOUT REAL ESTATE? ** 
Whether it's purchasing or selling, we are here to help you with all of your real estate needs.
Send your real estate question(s)/needs to:
homesbyfelicia@kwrealty.com

OR, Fill out the form below and we'll get back to you.
​

    Fill out the form below and include your phone number & real estate inquiries in the comment box

Submit
1 Comment
custom essay writing link
5/28/2018 02:17:34 pm

I believe that the biggest investment we can have is a house. aside from car and having a business, investing in house could be the most appropriate thing to do! If you have the enough budget for this, might as well make an investment in your house,and you will never be poor for the rest of your life. But investment should be continuous and should not stop so that you can also achieve your other goals on the side!

Reply



Leave a Reply.

    Archives

    December 2018
    July 2018
    February 2018
    January 2018
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016

    Categories

    All

    RSS Feed

© COPYRIGHT 2015. ALL RIGHTS RESERVED.
  • Home
  • What is My Home Worth?
  • About
  • Contact