For Multifamily Executive, Hamilton Zanze CEO Kurt Houtkooper details the reasons for optimism about the multifamily market and his company’s plans for 2024.Read
Q2 Home Prices Rise in 93% of U.S. Metros
In Q2, home prices increased in 93% of major U.S. metros, according to the National Association of Realtors (NAR). The increase is the broadest in a decade and is an improvement over Q1 2015, when only 83% saw growth.
NAR credits the key spring selling season as cause for the widespread gains and suggests price increases have been amplified by buyer competition for tight supply. Home sales climbed as well, reaching an eight-year high in June with a record average home price of $229,400, up 8.2% in Q2 from the previous year.
Read more at Realtor.org