Hi Pinnacle, Your HomeActions News for Monday, January 07, 2019
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Pinnacle Residential Properties
Pinnacle Residential Properties
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info@pinnaclehouses.com
555 Washington St.
Wellesley, MA 02482
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What's Happening with Home Prices?

 

The real estate business has been brisk, according to CoreLogic, thanks to high demand and limited supply. New construction has also lagged, further bolstering prices.

Home prices nationwide, including distressed sales, increased by 7 percent in March 2018 compared with March 2017. Even in the short term, values are rising; prices increased by 1.4 percent in March 2018 compared with February 2018. CoreLogic is predicting a 5.2 percent rise from March 2018 to March 2019.

What are the hottest markets? CoreLogic identified the 10 U.S. markets with the greatest increases over the past year. Leading the pack is Las Vegas, at 12.6 percent. The biggest action was in the West, but three East Coast cities also made the list, including Boston, with a 5.7 percent increase.

Visit the CoreLogic site for the complete report.

 
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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