Tag: National Real Estate Market statistics

  • What the Great Housing Reset Means for You in 2026

    If you have been watching the real estate news lately, you might have noticed a shift in the headlines. After a few years of wild price swings, frantic bidding wars, and rate spikes, the market is finally taking a deep breath.

    Experts are calling this “The Great Housing Reset.”

    While that might sound intense, it is actually very good news for most people. It means we are moving away from the chaos of the last few years and settling into a market that is more balanced, predictable, and normal.

    Whether you are looking to buy your first home or thinking about selling and moving up, here is what this new phase of the market means for you.

    The End of the Frenzy

    For a long time, the housing market felt like a rollercoaster. Homes were selling in hours, buyers were waiving inspections just to compete, and prices seemed to jump overnight.

    In 2026, that frenzy has cooled down.

    For buyers, this is a huge relief. You no longer have to make one of the biggest financial decisions of your life in fifteen minutes. You can take the time to tour a home, think it over, and ask important questions.

    For sellers, the market is still healthy, but it requires a different strategy. You can still get a great price for your home, but realistic pricing and good preparation matter more now than they did a few years ago.

    More Homes to Choose From

    One of the hardest parts of the last two years was the lack of options. Many homeowners did not want to sell because they wanted to keep their low mortgage rates. This created a “lock-in” effect that kept inventory historically low.

    We are finally seeing that ice begin to melt.

    Life goes on. People still need to move for new jobs, growing families, or retirement. As homeowners get used to the new normal for interest rates, more of them are deciding to list their homes.

    This means buyers finally have choices again. Instead of fighting over the only house for sale in a neighborhood, you might actually have a few different options to compare.

    The Return of Negotiation

    Perhaps the biggest change in the “Great Reset” is that the balance of power is shifting.

    In the past, sellers held all the cards. Today, things are much more fair. Because inventory is rising and the pace of the market has slowed, buyers have regained some leverage.

    We are seeing the return of standard contingencies. Buyers can once again ask for home inspections, request repairs, and negotiate closing costs. This creates a safer and more transparent transaction for everyone involved.

    Stability Over Volatility

    The most important takeaway for 2026 is stability.

    When home prices skyrocket too fast, it creates affordability issues. When they drop too fast, it creates fear. What we are seeing now is a market that is aiming for the middle ground.

    Rates have settled into a new normal range, and price growth has flattened out. This stability allows you to budget with confidence. You can plan a move without worrying that the market will look completely different two months from now.

    We’re Here to Guide You

    While a balanced market is better for everyone, it can still be tricky to navigate.

    If you are buying, you need a strategy to find the best value in a sea of new inventory. If you are selling, you need a marketing plan that helps your home stand out now that buyers have more choices.

    That is where we come in.

    Our team is tracking these trends every day. We know exactly what is happening in our local area and how to use this shift to your advantage.

    If you are thinking about making a move this year, let’s start the conversation. We can help you look at the numbers, understand your options, and make a plan that works for your life. Reach out to us today and let’s get started.

  • Why Home Inventory Is Rising and What It Means For Buyers and Sellers

    We’re thrilled to share some exciting news about today’s real estate market! Home inventory, the number of homes available for sale, is on the rise, creating a vibrant and dynamic landscape for both buyers and sellers across the country. As of mid-2025, the supply of existing homes has climbed to approximately 4.7 months, the highest since 2016, with active listings soaring by over 30% in the first half of the year. This increase signals a healthy, balanced market that’s full of opportunities for everyone. Let’s explore why this is happening and how it benefits you, whether you’re buying or selling.

    Why Inventory Is Growing

    This surge in available homes reflects a market that’s adapting to new opportunities. More homeowners are confidently listing their properties, inspired by life changes like new jobs, growing families, or the desire for a fresh start. The “lock-in effect,” where owners hesitated to sell due to low mortgage rates, is fading as economic conditions stabilize, giving sellers the confidence to move forward. Meanwhile, new home construction is booming, with builders adding fresh, modern homes to the market, pushing new-home supply to nearly 10 months in some areas. This combination of existing and new homes is creating a robust selection, with inventory growing steadily for over 20 months and surpassing pre-pandemic levels in many regions.

    This isn’t a sign of a slowing market, it’s a sign of vitality! The market is moving toward balance, easing the “stuck” feeling that once made finding or selling a home feel like a challenge.

    Great News for Buyers

    For buyers, this growing inventory is a game-changer. With more homes to choose from, you have the freedom to find a property that truly matches your vision, whether it’s a cozy starter home or a spacious family retreat. Gone are the days of intense bidding wars and limited options. Today, you have the power to explore, compare, and negotiate with confidence. We’re seeing more sellers open to price adjustments, closing cost assistance, or even home upgrades, with price cuts on listings up significantly from pandemic peaks. This means better affordability and less pressure to compromise on your dream home.

    As your trusted real estate team, we’re here to help you seize this moment. From pinpointing properties that fit your needs to crafting smart offers that maximize value, we’ll guide you every step of the way to make your homebuying journey smooth and successful.

    A Golden Opportunity for Sellers

    Sellers, you’re in a fantastic position to shine! The rise in inventory doesn’t mean a flooded market, it means a healthy, active one where well-positioned homes attract eager buyers. Demand remains strong, especially for move-in-ready properties that stand out. With our expertise, we can showcase your home’s unique value through strategic pricing, professional staging, and targeted marketing to capture the attention of motivated buyers. This balanced market allows you to sell confidently, knowing you can achieve top value while moving on to your next chapter.

    Whether your home is a charming fixer-upper or a turnkey gem, we’ll work with you to highlight its strengths and connect with the right buyers quickly. The increased inventory simply means more opportunities to match your property with someone ready to call it home.

    Partnering for Your Success

    This thriving market is opening doors for both buyers and sellers, creating a win-win environment where dreams are within reach. The rise in inventory is breaking the gridlock of the past, making real estate more exciting and accessible than ever. Whether you’re ready to find your perfect home or sell your property for maximum value, we’re here to make it happen. Our team is dedicated to guiding you with personalized strategies, local expertise, and a passion for your success. Reach out today, and let’s turn this dynamic market into your opportunity to shine!

  • The Top 5 Things That Could Make or Break Your Home Offer This Summer

    Summer is one of the busiest times of year for the real estate market—and for good reason! The weather is ideal, school’s out, and buyers are eager to settle into a new home before fall. But with so many people actively searching, it’s important to make sure your offer stands out in a competitive crowd.

    Whether you’re a first-time buyer or returning to the market, these five factors could make all the difference between landing your dream home or missing out.

    1. Your Pre-Approval Letter

    Make it: Before you start touring homes, get pre-approved by a reputable lender. A pre-approval letter shows sellers you’re a serious buyer with financing already lined up—and that you’re ready to move quickly.

    Break it: Submitting an offer without pre-approval could cause sellers to move on to the next buyer. In a fast-paced summer market, hesitation can cost you.

    2. Your Offer Price

    Make it: In a competitive market, coming in with a strong offer—especially if the home is newly listed—can put you ahead. Your agent will help you analyze the local market and determine the right price strategy.

    Break it: Going in too low might save you money in theory, but in practice, it could knock you out of the running entirely. Sellers are often looking for clean, fair offers with minimal back-and-forth.

    3. Contingencies (or Lack Thereof)

    Make it: While some contingencies (like inspections) are important for protecting yourself, keeping your offer clean and simple can be a major advantage. Waiving minor contingencies—or offering flexibility on closing timelines—can appeal to sellers.

    Break it: Too many contingencies can complicate the process and make your offer feel risky. In a multiple-offer situation, sellers may lean toward buyers with fewer strings attached.

    4. Your Earnest Money Deposit

    Make it: A larger earnest money deposit (aka “good faith” deposit) shows that you’re committed to the purchase. It gives the seller confidence that you’re not likely to walk away without cause.

    Break it: A low deposit might make your offer seem shaky or non-serious, especially if others are putting more on the table.

    5. Your Flexibility and Timeline

    Make it: Being flexible with your move-in date or closing timeline can be a big plus for sellers, especially if they’re also buying a home or juggling a tight schedule. The fewer logistical headaches for them, the better your offer looks.

    Break it: If your timeline is rigid or includes multiple delays, it might be enough to sway the seller toward a more flexible buyer—even if that buyer is offering a similar price.

    Ready to Craft a Winning Offer?

    The summer market is hot—but with the right strategy (and the right agent), you can compete with confidence. If you’re thinking about buying a home this season, we’re here to help every step of the way—from touring homes to submitting the perfect offer.

    Reach out today to start your summer home search off strong!

  • Spring into Success: Navigating the 2024 Real Estate Market with Strategy and Confidence

    Welcome to the new year! There’s a buzz in the air as the spring real estate market seems to be starting earlier this year. Whether you’re looking to sell and aim for a top-dollar deal, or you’re on the hunt for your dream home, now’s the perfect time to gear up. Let’s dive into strategies that blend creativity and effectiveness, ensuring your journey in this vibrant market is as successful as it is exciting. It’s time to bring your 2024 real estate goals to life!

    floral door wreath

    Tapping into the Market’s Rhythm

    Spring in real estate is lively, offering a diverse range of options for buyers and increased interest for sellers. While more buyers may enter the market, anticipating a slight shift in interest rates, it’s important to approach this season with a blend of enthusiasm and strategy. Buyers look forward to exploring more choices, and sellers get ready to welcome serious prospects.

    woman putting flowers in vase

    Sellers: Enhancing Your Home’s Appeal

    This season is your chance to shine. A little effort in staging your home and boosting its curb appeal can go a long way. These thoughtful touches not only attract potential buyers but also help your property stand out. It’s about creating an inviting atmosphere that resonates with buyers. You don’t want to start making updates without knowing which are going to provide you with the best return on investment. We can help you determine what areas to focus on.

    Relator handing over the keys

    Buyers: Stepping Up with Confidence

    For buyers, the key is preparation. The first step for anyone thinking about buying a home is obtaining mortgage pre-approval – it clarifies your budget and shows sellers your commitment. In a market that’s picking up pace, this preparation puts you in a position of strength, allowing you to act decisively when you find the right home. When it comes to finding a home, we can set up a property search. A property search will notify you as soon as homes that match your criteria become available. By working with a real estate agent, not only do you benefit from our knowledge and expertise, you have access to homes before the hit the market. We are available to answer all of your real estate buying questions.

    buyer reading market stats

    Informed Decisions Lead the Way

    Staying updated on market trends is crucial, whether you’re selling your home or looking to buy. A good grasp of the current real estate landscape enables you to navigate the market with confidence. Keep an eye on local trends and seek insights that align with your goals.

    large kitchen

    Clarifying Your Goals

    Take a moment to outline your objectives for this spring. Sellers, once you know the value of your home, we can discuss if there are any steps that will make your property more appealing. It’s also the perfect time to think about what your move will be after the sale – are you looking to upgrade, downsize, or relocate? Buyers, think about what you’re looking for in a home and outline your wishlist. Clear goals are your roadmap in this exciting market.

    Decorated table featuring a vase filled with beautiful flowers.

    Ready for a Successful Spring?

    The 2024 spring market is ripe with possibilities. With thorough preparation and a clear vision of your goals, you’re well-equipped to take on the real estate opportunities this season presents. From staging tips to mortgage lender recommendations, we are here to provide you with expert guidance and support – just give us a call! We look forward to helping you achieve your real estate goals in 2024!

  • Maximize Your Home Sale with the Power of Equity

    Key Points

    • Understanding your home equity can be a game-changer when deciding to sell your home, especially in today’s market of high mortgage rates.
    • Nearly 70% of homeowners have significant equity, making it an opportune time to consider selling.
    • Our expert real estate team is here to guide you through the process, offering free home equity assessments and answering any questions you may have.

    What is Home Equity and Why Does It Matter?

    couple standing in the kitchen chatting

    Home equity is more than just a financial term; it’s your ticket to new opportunities. In simple terms, home equity is the difference between your home’s current market value and the remaining balance on your mortgage. But why should you care? Well, with today’s real estate market, understanding your home equity can be a game-changer when you decide to move.

    The Equity Boom: A Silver Lining in Today’s Market

    couple waving at laptop on virtual meeting

    You’re not alone if you’re hesitant to sell your home due to high mortgage rates. However, there’s good news. According to data from ATTOM and the Census, nearly 68.7% of homeowners have either paid off their mortgages or have at least 50% equity in their homes. That’s right—almost 70% of homeowners are sitting on a goldmine of equity!

    How Understanding Your Equity Can Ease the Selling Process

    couple moving packing boxes

    Knowing your home equity can remove a lot of the uncertainty around selling your home. With significant equity, you’ll have more flexibility in choosing your next home, negotiating deals, and even covering moving expenses. And the best part? Our expert real estate team is here to guide you every step of the way.

    Leveraging Equity: Your Hidden Asset

    handing over house keyes

    Understanding your home equity isn’t just about knowing numbers; it’s about leveraging this asset to your advantage. With our expertise, we can help you strategize on how to use your equity for a down payment on a new home, or even as a financial cushion for future investments. It’s not just about selling your home; it’s about planning your financial future.

    Take the Next Step: Unlock Your Home Equity Today

    Ready to unlock the potential of your home equity? Don’t navigate this journey alone. Contact our expert real estate team today for a free home equity assessment or with any questions you may have. Your future home awaits!

  • Report: US Housing Market Experienced Fantastic Gains This Spring

    construction 4We just love having the opportunity to share with you good news about the US housing market and this is one of those weeks!

    Evidently, according to a recent article we were reading, sales of newly built homes as well as home prices in general saw some great increases during the month of April, further demonstrating that the housing market continues to improve.

    If you’re considering buying or selling real estate anytime soon, we encourage you to continue reading to learn more about this exciting development.

    What You Should Know About the National Housing Market

    Here is some of the most pertinent information you’ll need about the current state of the housing market:

    • New home sales increased 6.8 percent from March to April, to a seasonally adjusted annual rate of 517,000.
    • The median price of a new home sold in April was $297,300, up 8.3 percent from the year before.
    • Meanwhile, the Standard & Poor’s/Case-Shiller Home Price Index increased 4.1 percent in the 12 months that ended in March.
    • Supplies of existing homes remain tight and home builders are still slow to start construction on new project.
    • So far in 2015, builders have constructed just more than 1 million housing units, which is not too much different from 2014.
    • The construction pace increased some in April and actually hit the best level it’s seen since November 2007.
    • Also so far in 2015, monthly sales of new homes have average 515,000.
    • Meanwhile, new home purchases have been up 26.1 percent over the last year.
    • The housing market in April had 4.8 months of supply of new homes, although this is still short of the six months inventory that experts consider a balanced market.
    • New home sales represent about a tenth of all home purchases.
    • Historically, new home sales peaked in July 2005, when they hit an annual pace of almost 1.4 million.
    • Sales bottomed out in February 2011 at 270,0000 units.

    Experts attribute steady job growth, historically low interest rates and rising rental costs and key catalysts for the recent improvements on the national housing market.

    They have also noted that they believe that the US needs construction of at least 1.5 million new homes a year in order to keep up with the growing population as well as the average loss of existing stock each year because of age.

    We’re Your Dedicated Real Estate Experts!

    We hope you found the above data as encouraging as we did. The market definitely continues to improve month after month and the memory of the housing market crash continues to fade overtime. This is great news for everyone!

    Check back here next time for more valuable information on the current state of the housing market and how it may impact your efforts as a buyer or seller.

  • US Housing Market Well Positioned for Busy Summer Home Buying Season

    home buying 20The summer months should be quite busy for home buyers, sellers and real estate agents alike!

    As we head into June, real estate analysts are saying that the national housing market is poised for a successful (and busy!) summer home buying market.

    Several factors are at play, experts say, including low housing inventory, pent up demand and increasingly optimistic sellers.

    One thing’s for sure: The next few months should be very interesting from a national housing market perspective!

    What Every Buyer and Seller Should Know About Market Activity

    According to the latest sales figures released by the National Association of Realtors, sales of previously owned homes increased in March by the most in four years.

    In fact, purchases increased 6.1 percent to a 5.19 million annualized rate, which is the highest level it’s been since September 2013.

    On average, homes were being purchased in 52 days on average, which is the fastest sales rate the country has seen since July.

    Here are some more highlights from the latest data report:

    • The share of first-time buyers increased slightly while distressed properties made up a smaller part of the market
    • The number of homes for sale increased in March for a second month.
    • In fact, that gain was the biggest since December 2010.
    • Figures from the Mortgage Bankers Association showed that the group’s index of purchase applications increased in recent weeks to the highest level since June 2013.
    • The Standard & Poor’s 500 Index increased 0.5 percent to 2,107.96 recently, which is within 12 points of a record high.
    • More sellers expressed confidence about buyers entering the market as the weather warms, further helping to increase the supply of properties for sale.
    • In fact, the number of existing properties for sale increased 5.3 percent to 2 million in March from a month earlier.
    • And sellers’ instincts about buyer interests appear to be spot on. For instance, 40 percent of homes sold in March were on the market for less than a month.
    • The median price of an existing home jumped 7.8 percent from March 2014 to March 2015, to $212,100. That’s the most since February 2014.
    • Meanwhile, the cost of a purchased house was 5.4 percent higher in February from the same time last year, which is tied with May 2014 for the biggest gain.
    • Purchases increased in all four U.S. regions, led by a 10.1 percent increase in the Midwest. They were up 6.9 percent in the Northeast, 6.3 percent in the West and 3.8 percent in the South.
    • Sales of single-family homes rose 5.5 percent to an annual rate of 4.59 million, which is the most it’s been since August 2013.
    • Meanwhile, closings on multifamily properties (including condominiums) increased 11.1 percent.
    • Purchases of distressed properties represented 10 percent of the total, which is down from 11 percent in February.
    • Also, the average rate for a 30-year fixed mortgage was 3.67 percent recently. The rate was 3.59 percent in February, which was the lowest in almost two years.

    One Small Concern is On the Minds of Experts

    Experts did express concerns about how fast home prices were rising, which they credited in part to low housing inventory. Thus, economists said the best way to fix that is to increase the supply of homes for sale on the market.
    It will be interesting to see if enough sellers enter the market in the next couple of months to temper those price increases.

    We’re Your Real Estate Market Experts!

    We hope you have found the information above as insightful and encouraging as we did. Seeing the national housing market recover is definitely a welcome sight!

    Please check back here soon for more updates on the state of the housing market. We’re confident that having this knowledge will help you make savvier decisions as a buyer or seller.

  • US Pending Home Sales Rise for Third Month in a Row

    home buying 18We have some excellent news to report from the national housing market: Evidently US pending home sales index increased for the third straight month in April.

    This is a great testament that the national housing market is getting back on track and becoming increasingly stable.

    If you’re considering entering the market anytime soon as a buyer or seller, we encourage you to continue reading to learn more about this new trend.

    The Latest Outlook from the Housing Market is Positive

    Let’s take a closer look at the recent report from the National Association of Realtors.

    According to recent data, the pending home sales index (which is based on contract signings for purchases of previously owned homes) increased 1.1 percent to a seasonally adjusted level of 108.6 in March.

    This is also higher than in February, when the level was 107.4.

    And evidently, the increase in the home sales index is higher than many economists surveyed by the Wall Street Journal thought it would be. They had expected the increase to be 1 percent.

    Here are some additional highlights from the recent report:

    • When comparing March 2014 to March 2015, the index increased 11.1 percent.
    • Completed existing-home sales increased 6.1 percent in March. This increase followed two months in which the gains were lackluster.
    • And although sales of newly built single-family homes decreased from February to March, they increased almost 20 percent from the sales pace of a year ago.
    • The average interest rate for a 30-year fixed-rate mortgage was 3.77 percent in March, which is slightly above the previous month but also down from a year earlier.
    • And pending sales of existing homes increased in the South and the West during the month of March, but decreased in the Northeast and Midwest.
    • Meanwhile, markets across the country are seeing home prices increase.

    Experts believe that low housing inventory have driven prices up on existing homes. And while that has helped to close the gap in cost between newer homes (which are typically more expensive) and previously-owned homes, existing home sales still account for roughly 90 percent of the overall market.

    Will These Positive Housing Market Trends Continue?

    Check back with us soon to see if national real estate activity continues on this upward trend or takes a dip.

    Having the most up-to-date market data is critical to ensuring a successful outcome as a buyer or seller. That’s why we hope you’ll check back here again soon for the most up-to-date information on the market possible.

  • Signed Contracts for US Homes Increase, Report Shows.

    Home contractIn the latest sign that the U.S. real estate market is improving, more Americans signed contracts to purchase homes in February than in nearly a year.

    The National Association of Realtors released the data, which showed that the seasonally adjusted pending home sales index increased 3.1 percent to 106.9 in February.

    That’s the highest it’s been since June 2013!

    If you’re preparing to list your home anytime soon on the local housing market, we encourage you to continue reading to learn more about this trend!

    US Home Sales Are On the Rise!

    Here are some additional highlights from the recent National Association of Realtors report:

    • Buying activity increased in the Midwest and West during the month of February, although it actually decreased slightly in the Northeast and South.
    • Existing homes sold at an annual pace of 4.88 million in February, which is slightly below last year’s levels.
    • The supply of homes was just 4.6 months, compared to five months a year ago. It should be noted that a six month inventory is considered a balanced market.
    • Average 30-year fixed rates were 3.69 percent last week, according to the mortgage giant Freddie Mac. That was down from a 52-week high of 4.41 percent recently.
    • Home prices have increased 17 percent since the middle of 2012, which is when the market bottomed out.
    • Analysts are particularly encouraged by the recent gains because it means that the housing market was able to overcome such unforeseen and uncontrollable hurdles like freezing weather and a particularly harsh winter.

    Experts say that the upturn suggests that the spring home buying season will be robust.

    They added that home sales are likely to be further supported since the unemployment rate is down to 5.5 percent.

    In fact, the unemployment rate is down to its lowest level in nearly seven years!  And employers have added 3.3 million jobs during the last year, including 295,000 jobs in February.

    All of this is giving would-be home buyers more buying power as well as consumer confidence. This, in turn, is leading more to enter the national housing market in search of their dream home.

    We’re Your #1 Real Estate Resource!

    We hope you found the above information insightful as a prospective home seller.

    As you can see, it really is a great time to list your property on the market.  After all, there’s plenty of pent-up home buyer demand and home sales activity appears to be picking up.

    Please check back here soon for more valuable insight on that national housing market and how it may impact you.  We’d be happy to offer our expert insight in order to help you enjoy a successful outcome as a home seller!

  • Report: US Home Prices See Gains in February

    home pricesThe national housing market continues to show gains, with home prices rising year-over-year during the month of February.

    This is fantastic news as it shows that the U.S. real estate market continues to rebound from the Great Recession.

    If you’re considering listing your home anytime soon, please continue reading to learn more about current national housing market trends.

    A Closer Look at Recent US Sales Activity

    CoreLogic released its February 2015 CoreLogic Home Price Index and the conclusions are favorable for home sellers.

    Here are some of the highlights of that report:

    • US home prices (including distressed sales) increased by 5.6 percent in February 2015 compared to February 2014.
    • That increase marks three years of consecutive year-over-year increases in national home prices.
    • Month-over-month, national home prices (including distressed sales) increased 1.1 percent in February 2015 compared to January 2015.
    • 26 states and Washington DC were at or within 10 percent of their peak prices during the month of February.
    • Six states, including Colorado (+9.8 percent), New York (+8.2 percent), North Dakota (+7.7 percent), Texas (+8.5 percent), Wyoming (+8.4 percent) and Oklahoma (+5.2 percent), marked new home price highs since January 1976 when the CoreLogic HPI began.
    • When you exclude distressed sales, home prices increased by 5.8 percent in February 2015 compared to February 2014.
    • And home prices increased by 1.5 percent month over month compared to January 2015.

    Certain states stood out for various achievements during the month of February:

    • If you include distressed sales, the five states with the highest home price appreciation were: Colorado (+9.8 percent), South Carolina (+9.3), Michigan (+8.5 percent), Texas (+8.5 percent) and Wyoming (+8.4 percent).
    • If you exclude distressed sales, the five states with the highest home price appreciation were: South Carolina (+9.7 percent), New York (+9.2 percent), Colorado (+9 percent), Texas (+7.9 percent) and Florida (+7.8 percent).
    • If you include distressed sales, the peak-to-current change in the national HPI (from April 2006 to February 2015) was -12.2 percent. If you exclude distressed sales, the peak-to-current change for the same period was -7.8 percent.
    • If you include distressed sales, only Connecticut had a decline in home prices, with a 0.9 percent decrease.
    • The five states with the largest peak-to-current declines, including distressed transactions, were: Nevada (-35.4 percent), Florida (-32.4 percent), Rhode Island (-29.6 percent), Arizona (-28.4 percent) and Connecticut (-24.7 percent).
    • If you include distressed sales, the U.S. saw 36 consecutive months of year-over-year increases.
    • 92 of the top 100 Core Based Statistical Areas (CBSAs) measured by population had year-over-year increases in January 2015.
    • Those core based statistical areas that saw year-over-year declines were: Baltimore-Columbia-Towson, MD; Philadelphia, PA; Hartford-West Hartford-East Hartford, CT; New Orleans-Metairie, LA; Rochester, NY; Worcester, MA-CT.; Albany-Schenectady-Troy, NY; and New Haven-Milford, CT.

    Based on recent market data and projections, the CoreLogic HPI Forecast suggests that home prices, including distressed sales, will increase by 0.6 percent month over month from February 2015 to March 2015 and on a year-over-year basis by 5.1 percent from February 2015 to February 2016.

    If you exclude distressed sales, home prices are expected to increase by 0.5 percent month over month from February 2015 to March 2015 and by 4.8 percent year over year from February 2015 to February 2016.

    How Can We Help You With Your Next US Home Sale?

    If you’re interested in entering the market anytime soon as a home seller, please make sure to contact us.

    We would be happy to assist you by further analyzing recent market activity to see how it may affect your specific efforts as a home seller.