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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Yearly Price Gains Maintained by Decrease in Distressed Sales

“Summer’s end may have led to the close of a strong home-buying season, but a decrease in distressed sales is helping prices maintain their yearly gain and some regions are still experiencing monthly price increases. As of August 23, 2012, prices fell 0.4 percent in 25 major U.S. metropolitan areas from July 23, 2012, according …

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California home prices at four-year high

The California Association of Realtors (C.A.R.) continued to report a shortage of inventory in September, which is limiting home sales but seems to be pushing up median home prices. According to C.A.R., the median home price in California is now at the highest level in more than four years. The statewide median price of an …

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Mortgage Financing Increases While Distressed Sales Fall

Mortgage Financing Increases While Distressed Sales Fall: Survey The popularity of FHA mortgages is slowing down, while the use of mortgage financing is growing overall, according to the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. “Conventional mortgages are making a comeback while FHA mortgages are not,” said Thomas Popik, research director for Campbell Surveys. “Reasons for …

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