Real Estate Market Condition

Real Estate Market Condition

With just over five months left for the 2015 real estate market, the market remains strong and barring any major  interest rate hikes should remain so through the end of the year.

According to the most recent S&P/Case-Shiller Home Price Index, home prices continued to increase in May, though not at the pace many experts had predicted. On a national basis, single-family home prices seem to have settled in at an annual appreciation averaging between four and 5%.

The chairman of the S&P Dow Jones indexes said that he expected the future average home prices to slow down rather than accelerate. Meanwhile, the average single-family home resale price appreciation has been about double that of inflation and wage price increases for the year. Read more