The Economy and Housing News for 04/06/2017
The Economy:
Another sign of the improving economy is the strong labor market. This weeks jobs data shows continued new job growth and low unemployment.
Housing News:
Home prices appreciated by 1% and 7% year over year. CoreLogic forecasts home prices will rise by 4.7% in the year going forward.
Newly built homes have gotten pricier over the last 10 years, with most homes selling above $250,000. Builders blame regulatory burdens for the increases.
The most recent Census Bureau stats show townhomes as the fastest growing segment of the single-family housing construction market, with a 17.8% surge.
References: Troy Rabidoux, Union Home Mortgage Corp.
Are you considering selling your home? If you are, we would love to meet with you soon to show you what comparable properties have recently sold for, give you an estimate of your home’s current market value and review with you our marketing program.
Donald Horne, Broker / Owner
Team Success Listing LLC
teamsuccesslisting@gmail.com
810-338-0628
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