Home Prices Up 11 Percent

More good news for the housing market: Lawrence Yun, Chief Economist for the National Association of REALTORS ®, reported last week that both the annual sales pace and home prices are both up year-over-year in September. Both indicators have trended upwards at around 11% higher than this time last year. Additionally both inventory and average days on the market have dropped, which should cause the upward home price trend to continue. To read more on these latest numbers visit the NAR blog “Speaking of Real Estate“.


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