Prices are still climbing and inventory is still low. U.S. home prices jumped nearly 12 percent in June from a year earlier, reflecting a stronger demand amid a tight supply of homes for sale.
“In the first six months of 2013, the U.S. housing market appreciated a remarkable 10 percent,” said Dr. Mark Fleming, chief economist for CoreLogic, in a statement. “This trend in home price gains is moving at the fastest pace since 1977.”
Another factor in the recent price gains is that foreclosed homes, which often sell at a discount to other homes, are making up a smaller proportion of overall sales.
So bottom line, your property is becoming more valuable and with interest rates still low, there is still a demand and will be going into 2014.
Robin Taylor, Realtor
Century 21 Alliance
610-574-0015
www.robintaylorhomes.com
