Home Price Picture Grows More Complex

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Posted To: MND NewsWire

Anyone trying to make sense out of current data on the direction of home prices needs more than a calculator. Every new report seems to dump more mud in the water, show price growth slowing, stabilized or driven higher by falling interest rates. This is understandable given the two-month lag-time of most price indices, but Wednesday’s slightly more timely report from the National Association of Realtors® (NAR) doesn’t add any clarity. The report on second quarter metropolitan home prices shows that most of those areas saw price gains during the reporting period with single-family median prices increasing in 91 percent or 162 of the 178 markets tracked. That is up from 86 percent that saw increases in the first quarter. The median price of a single-family home gained 4.13 percent on an annual…(read more)

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