Home Prices Rose 5.8% in 2014

As 2014 drew to a close, median home prices rose to their highest level since 2007 and home sales picked up. For 2014, the national median existing home price hit its highest level since 2007: $208,500. The median price also represents a 5.8% increase from 2013 ($197,100), data from the NATIONAL ASSOCIATION OF REALTORS® show. …

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Home purchases now made primarily by current homeowners

According to an article on DSNews.com, investors are no longer buying as much of the real estate inventory–but instead, current homeowners are. HousePulse attributes this change to the rising home prices and decrease in distressed inventory; home purchases from investors are now at 19.7 percent, down from 23.1 percent. First-time homebuyers had just a slight …

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Flipping on the Rise in Most Markets as Profits Skyrocket

“Single-family home flipping is on the rise as flippers see growing profits from their endeavors in most markets, according to a report released by RealtyTrac. The volume of house flipping increased 19 percent from the first half of this year to the first half of last year, according to RealtyTrac. At the same time, profits …

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Housing Recovery Is Sustainable

“Despite a number of potentially damaging headwinds, the ongoing housing recovery will remain sustainable for the foreseeable future, analysts for Capital Economics say in a recently released report. The housing industry’s rapid rebound took many experts by surprise-even the researchers who authored the report admit they “have been slightly taken aback” by the recovery’s speed. …

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