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topStories Wednesday, February 14, 2018
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How to Retain Your Home's Value
Home Prices Still on an Upturn
By RISMedia Staff
Home prices are still on an upturn, up 5.3 percent in the fourth quarter of 2017, according to the latest quarterly report by the National Association of REALTORS® (NAR). "A majority of the country saw an upswing in buyer interest at the end of last year, which ultimately ended up putting even more strain on inventory levels and prices," says Lawrence Yun, chief economist of NAR. "Remarkably, home prices have risen a cumulative 48 percent since 2011, yet during this same timeframe, incomes are up only 15 percent. In the West region, where very healthy labor markets are driving demand, the gap is even wider. These consistent, multi-year price gains have certainly been great news for homeowners, and especially for those who were ...
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