Home Prices Hit Peak Levels In Majority of Metro Areas, Fourth Quarter Data Show
Forbes
By Troy McMullen
The best quarterly sales pace of the year pushed available housing supply to record lows and caused price appreciation to slightly speed up in the final three months of 2016, according to the latest quarterly report by the National Association of Realtors. The report also revealed that sales prices in over half of measured markets since 2005 are now at or above their previous peak level.
About author
You might also like
Prices and Sales Volume Up in Southern California
Year-over-year prices were up 6.2% in April to a median of $429,000 in Southern California. Sales volume climbed 8.5%. At the current pace, there is 3.6 months of inventory in
Builders Reporting Strong Spring Sales
Consistent with anecdotal reports from in the trenches, the data seems to be proving out that the spring selling season is shaping up to be an improvement over the prior
Dying Shopping Malls Can Make Room for New Condos and Apartments
In the San Fernando Valley, there are plans to level a nearly vacant mall and replace it with some 1,400 homes, boutique retail space and a concert venue.