Thursday, January 25, 2018

Home Prices Still On The Rise in 2018

According to the latest study by Core Logic:

"...home prices will increase by 4.2 percent on a year-over-year basis from November 2017 to November 2018, and on a month-over-month basis home prices are expected to decrease by 0.4 percent from November 2017 to December 2017."

Prices rose 1% just between October and November 2017. Good news for home sellers, a challenge for cash-challenged buyers. The best a buyer can hope for is more inventory coming onto the market, which will help to slow increases and even possibly pull values down a bit.

Here in Los Angeles we've experienced a 7.5% year-over-year increase, according to economists at Core Logic.