As the housing market continues to come back around, more and more statistics are surfacing that give us hope for the future. According to Inman News, things are definitely looking up. CoreLogic’s home price index is dishing out some encouraging news – home prices are up significantly! This is especially true in Western Washington, San Diego and the Phoenix housing markets.
According to CoreLogic, home prices were up 0.7 percent in January from December. While that may not seem like a huge month-to-month increase, consider this: January’s year-over-year home prices made the biggest jump in seven years – national home prices were up in January by 9.7 percent from a year ago. This is the biggest increase since 2006.
CoreLogic’s home price index got these impressive findings by following the repeat sales of single-family homes.
Higher home prices means more confidence in the real estate market. For you, this means more people may be searching the internet to find their dream home. If you are thinking of listing your home you can contact one of our Full Service Brokers/Agents HERE to learn about our unparalleled Home Marketing Plan