As housing market shifts, real estate is entering new phase in which buyers and sellers will benefit by being flexible
But don’t expect homes to get cheaper anytime soon with demand remaining high
The raise is due to strong jobs growth and increased household spending and could likely precede a 4th hike
Nationwide, the median existing-home price for all housing types rose 4.6% year-over-year to $264,800
In face of historic inventory shortage, privately-owned housing starts jumped 9.2% month-over-month and 9.4% year-over-year
Favorable economy, moderate mortgage rates and low inventory are leading to continuous price surge
The best sales activity since November, but still below numbers from this time last year, according to NAR report
The incremental hike marks the third such hike in 2017 and sets the stage for what will likely be three or four adjustments in 2018
Intense housing demand driving business growth