Continued Rising Demand and Supply Constraints in Nationwide Housing Market

According to the Morningstar article, “U.S. Home Prices Jump as Supply Pinch Plays Out -- Update” (1), housing prices across the country rose 5.2 percent in the 12 months ending in March, 2016. The article points out that while nationwide home prices have been volatile for several years, 2015 showed a steady growth rate of over 5 percent.

The improvements in the labor markets do support this steady price increase, and the improving real estate market is good for the economy as residential construction starts began in 2016 at the fastest pace since the end of 2012.

Home buying has also been supported by historically low mortgage rates. Freddie Mac says that that the 30 year fixed-rate mortgage for the week ending May 26 was at 3.64 percent.

Of course, the hottest market is here on the West Coast, with Portland, Seattle and Denver posting year-over-year growth rates of 12.3 percent, 10.8 percent and 10 percent respectively.

About Anian Tunney

Anian Tunney is an agent broker with The Grubb Company. According to statistics collected by East Bay Regional Data, Inc., she was the 2014 number one real estate agent in Piedmont, CA for the number of units sold and sales volume. In 2014 she was The Grubb Company company-wide top producer. Additionally, Tunney has been number 1 in yearly real estate sales for The Grubb Company’s Piedmont office for the last 8 years. Anian was also ranked 129th in the Nation by REAL Trends the Thousand in July 2015. She is known for her knowledge, experience, and network in the Piedmont community; qualities which are invaluable for finding that special home or buyers for her clients.

A fifth generation Piedmont resident, Tunney has been with the Grubb Company for over 30 years. She raised her family of four in Piedmont and is active in community projects such as the Piedmont Beautification Foundation, the East Bay Museum Auxiliary, and the Piedmont school district. Her grandmother, Amy Sutton, was a real estate agent, and now Anian works with her daughter Adrienne Krumins, making Piedmont Realty truly a family vocation. Tunney negotiates with grace and clarity of purpose. She can be contacted at 510-339-0400 ext 217, and at tunney(at)grubbco(dot)com. Her website is aniantunney.com.

Contact Information

Anian Tunney
The Grubb Company Real Estate Brokers
Oakland, CA 94611
510-339-0400 ext 217
tunney(at)grubbco(dot)com
aniantunney.com
aniantunney.com/blog

(1) http://www.morningstar.com/news/dow-jones/TDJNDN_201605319072/us-home-prices-jump-as-supply-pinch-plays-out-update.html