(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-5WB8HLVL');

Single-Family Home Prices Increase at Highest Rate Since ‘06

hamilton-zanze November 18, 2013

As the number of existing single-family homes for sale declines, prices continue to rise. Indeed, August home prices reflected the highest annual gain since 2006, increasing 12.8% from a year earlier. Las Vegas and San Francisco were leaders of the pack, with price gains of 29.2% and 25.4%, respectively. In Denver and Dallas, home prices surpassed pre-recession levels to historical highs.

Since income growth has not kept pace with home price increases, insurance and mortgage rates are on the rise, and home affordability has dropped to a five-year low.

Read more at Bloomberg

Print Friendly, PDF & Email