The S&P Case-Shiller U.S. National Home Price Index – considered the leading measure of U.S. home prices – has been tracking home values for nearly 30 years. According to their most recent release, national uy3home prices are up 5.1 percent year-over-year, with the biggest price increases seen in the West. David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jones indices, says home prices show no sign of slowing down. “Home prices continued to rise across the country led by the West and the South,” Blitzer said. “In the strongest region, the Pacific Northwest, prices are rising at more than 10 percent; in the slower Northeast, prices are climbing a bit faster than inflation. Nationally, home prices have risen at a consistent 4.8 percent annual pace over the last two years without showing any signs of slowing.” Overall, Blitzer believes the residential real estate market is in good shape, noting improvements in housing starts and home sales. Among individual cities included in the index, Denver, Seattle, and Portland led the way with the biggest year-over-year gains in home values. The residential home market is certainly in good standing in the Emerald Isle, NC area. This area is building some new homes and has existing homes to choose from and these homes are priced right for the area, so it has made this a very popular area to buy a home in. To see some of the homes being offered go to: http://www.firstcarolina.com/listings/, also, to stay on top of our social media go to: https://www.facebook.com/fcrhavelock/ or to: https://twitter.com/EastRealtor More here.
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