G and H Financial Services Home Page
postheader postheader postheader postheader postheader postheader

Continuing on its upward trajectory, home prices soared 12.2 percent in May from a year ago, the most since 2006, according to Core Logic. From April to May, they increased 2.6 percent, the 15th straight month-over-month increase.

Prices rose in 48 states, falling only in Delaware and Alabama, according to the report. Of the 100 largest cities, 97 also reported gains. The state with the largest price increase was Nevada, with a whopping 26 percent gain. It was followed by California, Arizona, Hawaii and Oregon.

Anand Nallathambi, CEO of CoreLogic, said in a statement that he expects prices to continue to rise as we enter into the traditionally busy summer homebuying season. The report predicts prices will rise by another 2.9 percent in June, for a yearly gain of 13.2 percent.

"Across the country, pent-up demand and continued low interest rates are fueling strong demand for a limited inventory of properties," Anand said in the statement.

Although interest rates have recently been trending higher, potential homebuyers may view that as a sign to quicken their pace and buy before they rise even more as the Federal Reserve scales back its bond-buying program

Posted 5:15 PM  View Comments

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version




HOME PAGE ABOUT US GET A QUOTE PERSONAL BUSINESS CARRIERS REFER A FRIEND CONTACT US

5503 4th St | Katy, TX 77493 | 281.395.5497 | 
Contact Us
Serving HoustonKatyThe Woodlands and surrounding areas in Texas.

Logo
Powered by Insurance Website Builder
Facebook Twitter LinkedIn Blog Yelp Google+