House prices up again
All last year we were telling you that house inventories were shrinking, investors were in a bidding war and interest rates had bottomed. This year we are seeing confirmation of this trend. Today, Core Logic reported 2012 house prices gained to 8.3%. Prices were up in 46 out of 50 states. Arizona had the largest gain, 20.2%. We predicted in our blog on November 19, 2012 that you will see headlines this year that read: “Experts were shocked by the jump in prices people paid for housing”. For the first time in six years builders are now raising there prices. With low inventories of resale properties, buyers are forced to buy from the builder. At FSBO.com, we are hearing more stories of selling by owner in only a matter of days. If you are planning to sell, this is a window of opportunity for you.
Tags: Core Logic, FSBO, House prices
February 16th, 2013 at 11:01 pm
Inventory….100% agree that’s its down especially in the areas I sell real estate the most, western suburbs of Minneapolis. Sellers can take advantage of this for sure and most likely capture more money due to the demand and low supply.
February 18th, 2013 at 11:20 am
In only 6 days and I accepted a contract. FSBO.com/160267