Nationwide home prices are now within 10 percent of their pre-crash peaks
and seven states have surpassed those peaks, according to Corelogic, Nationwide home prices are now within 10 percent of their pre-crash peaks and seven states have surpassed those peaks
The states with the greatest increase in its HPI including distressed sales were: Colorado (+9.2 percent), South Carolina (+9.1 percent), Kansas (+8 percent), Texas (+8 percent) and Nevada (+7.6 percent).
“All signs are pointing toward continued price appreciation throughout 2015. In fact, the strong month-over-month gain in March may be a harbinger of accelerating price appreciation as we enter the spring selling season,” said Anand Nallathambi, president and CEO of CoreLogic. “Tight inventories, job growth and the inexorable impact of demographics and household formation are pushing price levels in many states, and especially large metropolitan areas like Dallas, Denver, Houston, Seattle and San Francisco, toward record levels.”
As more people put their homes on the market because of not being upside down anymore or confidence that things are good enough for them to move up, prices will level off. As I have said before, we are slowly approaching a normal market with an even mix of buyers and sellers………pr
