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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Wednesday, June 26, 2019

Are US home prices about to rebound from a cool 13 months?

The slowdown in house price appreciation in the United States is continuing but there are signs of a shift in some major metros.

The S&P CoreLogic Case-Shiller National Home Price Index gained 3.5% in April, the lowest rate since September 2012 and the marking the 13th consecutive month of slowing growth.

“While the slowdown is now in its 13th consecutive month, half of the country’s markets are now seeing an increase in home price appreciation from March to April,” noted Dr. Ralph B. McLaughlin, deputy chief economist and executive of research and insights for CoreLogic. “This suggests the great cooldown of 2018-2019 might be coming to an end. Coupled with mortgage rates falling to 18-month lows, it seems the housing market frost is poised to thaw quickly this summer.”

The slide in average home prices for the top 10 metropolitan areas broke its 12-month cooling with an increase of 2.3%, up from the previous month’s 2.2% increase.

But the top 20 metropolitan areas cooled for the 13th straight month, posting a gain of 2.5% year over year, down from 2.6% in March.


MBN

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