Home prices are about to skyrocket again.
Last updated 7/20/2018 at Noon
Home prices, which have been growing steadily for the past 72 months, indicate an ongoing trend, and a housing market that faces declining inventory among high demand.
Moreover, analysis has found that, in 2018, 15 percent of homeowners and 28 percent of renters wanted to buy a property, while only 11 percent of those with properties wanted to sell.
“The lean supply of homes for sale is leading to higher sales prices and fewer days on market, and the supply shortage is more acute for entry-level homes,” said Dr. Frank Nothaft, chief economist for CoreLogic, in a statement.