It’s still a seller's game in every major market, but what’s driving that? And how long can U.S. home prices rise before the juggernaut tips over?
Are Slow Home Price Gains Signaling Market Stabilization?
Home prices are still rising due to buyer demand and low inventories, supported by low mortgage rates, eased lending standards, and improving job markets, but they are doing so at a much slower pace.
While home prices are still rising due to buyer demand and low inventories, supported by low mortgage rates, eased lending standards, and improving job markets, they are doing so at a much slower pace.
In the midst of what some are calling a global crisis—due to weaknesses in the energy sector and stock market combined with the effects of an overly strong U.S. dollar—home prices continue to move upward. Despite this however the housing sector is just not large enough to carry the weight of the world.
Home prices rose 4.9 percent over the last 12 months in September 2015, up from the 4.6 percent increase in August 2015, according to the S&P/Case-Shiller Home Price Indices released Tuesday.
Home prices have continued to rise across the country in April 2015 and for the last 12 months at a moderate pace, according to the results from the S&P/Case-Shiller Home Price Indices released today. The Case Shiller Index, which covers all nine U.S. census divisions, posted a 4.2 percent annual increase in April 2015, compared to a slightly higher 4.3 percent increase in March 2015.
According to the Federal Housing Finance Agency’s (FHFA) quarterly House Price Index (HPI), U.S. house prices increased 1.3 percent in Q1 2015. The S&P/Case-Shiller Home Price Indices also indicated in their monthly report that home prices continued rise for March 2015.