June 2018 RSS Feed

Found 1 blog entry for June 2018.

Just like with any product or service, the law of supply and demand impacts home prices.  

Any time that there is less supply than the market demands, prices increase.   In many areas of the country, the supply of homes for sale  in the starter and trade-up home markets is so low that bidding wars have ensued, and the busy spring-buying season is just around the corner.

CoreLogic recently conducted an analysis  on national home prices at the time of sale for their January 2018 MarketPulse Report and found that a third of homes sold for at least list price.

“The share selling above list price was almost three times the trough in January 2008 and represented more than one-fifth of total sales.”

Many markets in the western part of the country and around…

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