Valuations

FHFA: Home prices continue to soar on West Coast

Rise 0.5% nationally
The FHFA’s latest report showed home price increases picked up the pace once again in October, especially in the Pacific region. The West Coast continues to see the highest home price increases in the country, far outpacing the national average annual increase.
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CoreLogic: Home prices surge 7% annually in October

Forecasts home price increases will slow in 2018
Home prices increased across the U.S. from last month and last year, according to the latest Home Price Index from CoreLogic. In fact, home prices are up so much that out of the nation’s 100 largest metropolitan areas, 37% are now considered overvalued based on the area’s housing stock.
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Here are 6 housing predictions to know for 2018

New home sales take on inventory shortages
As 2017 comes to an end, economists are forecasting the future of housing in 2018. One company, realtor.com, gives its forecast for five areas of housing in 2018. Will home sales increase, or will housing inventory continue to keep potential homebuyers out of the market?
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Pending home sales suddenly rebound in October

Remain below last year’s levels
Pending home sales rebounded in October, reaching its highest point since June after three months of declines. The increase was driven by a sudden jump in the South, which is recovering from recent hurricane activity. However, as experts expected, pending home sales remain below last year’s levels.
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FHFA reports home price increase of 1.4% for Q3

Increase slows from August
Home prices increased in the third quarter of this year, but FHFA’s report showed home prices slowed slightly from August to September. Ranging from just 0.5% annually to a full 14.6% increase, all 100 of the top U.S. cities saw an annual increase in the third quarter.
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