Home prices are about to heat up again as interest rates fall

Home price gains are about to take off again, according to Corelogic. The real estate data and analytics company predicts that annual gains in home prices could hit close to 5 percent by 2020, thanks to falling interest rates.

CoreLogic is now forecasting that home prices will begin to see bigger annual gains, closer to 5 percent by next year. Rising inventory of homes for sale has been helping buyers and making the market slightly more competitive for sellers. The supply is rising fastest, however, at the upper end of the price scale, not at the entry level, where demand is strongest.

Great. I'm sure greedy boomers will be pricing their clapped out matchstick mcmansions above a million now.

Prices going up in a RE market that already has an affordability problem.

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Pending home sales drop 1% in February, despite lower mortgage ratesThe supply of homes for sale has been rising steadily, up just over 3 percent in February compared with a year ago. Home prices are still rising, but the gains have been shrinking each month for nearly a year. 住宅販売数が低下しても高価格帯が売れていればOK。低価格帯の住宅が在庫不足なだけでスグに景気低迷入りとはならない。
Source: CNBC - 🏆 12. / 72 Read more »