Sponsored Brief

Home prices are about to skyrocket — again.

Jul 20, 2018

Home prices, which have been growing steadily for the past 72 months, indicate an ongoing trend, and a housing market that faces declining inventory among high demand.

Moreover, analysis has found that, in 2018, 15 percent of homeowners and 28 percent of renters wanted to buy a property, while only 11 percent of those with properties wanted to sell.

“The lean supply of homes for sale is leading to higher sales prices and fewer days on market, and the supply shortage is more acute for entry-level homes,” said Dr. Frank Nothaft, chief economist for CoreLogic, in a statement.

“During the first quarter, we found that about 50 percent of all existing homeowners had a mortgage rate of 3.75 percent or less.”

Read more at https://www.inman.com/2018/07/03/home-prices-hit-4-year-high-projected-to-skyrocket-in-2019/

Call the McCulloch team at 360-908-0123 for a complimentary market analysis or if you’d like to purchase. Happy Summer from our family to yours!

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