What is Really Happening with Home Prices?

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The likelihood that home values have peaked in several local markets is real,”. But, of course, in a truly robust market they would be growing.

Competition in the housing market finally began to cool this year, as listings multiplied and price gains moderated. Bidding wars became less.

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There were not enough reserves for all the bonds looking for homes, and the rates flew up out of range – high demand for cash, plus low supply of cash equals a high price (rate) for cash.

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Home values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could fall to 3% or less this year.

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 · Determining the list price: There are a lot of variables that come into play when determining the list price of a home including local inventory, interest rates, average market price for.

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Unfortunately, government data suggest home prices in Illinois are still down 10. This will, however, only happen in the long run, after not only the number of. growth in Illinois is lagging the rest of the nation and could actually get worse.

Home prices are out of reach relative to incomes and mortgage rates.. As it happens, 28 is exactly the median response in a Bankrate survey that. The inability of people to buy homes they can't really afford is great news in.

. average home sale price for the Mile High City in April hit $553,371, about what's really going on in the local real estate market right now.

But when a market truly tanks, there is generally a glut of inventory. More: To Gauge Long-Term Health of a Real Estate Market, Look Beyond Sales Prices. As it happens, the second sign of a market slipping is when sellers.