Tuesday, May 13, 2014

Yearly Asking Price Gains Slow

Yearly Asking Price Gains Slow
The Housing Recovery Needs More Than Just Rising Prices: In the boom-and-bust housing markets with the biggest price rebounds, construction activity is lagging. In contrast, the markets where construction has recovered include big-city metros with strong rental demand. Rents are up 4.5% year-over-year, and rental affordability is worst in Miami and New York. Despite Solid Monthly, Quarterly Gains: Nationally, asking prices rose 0.8 percent month-over-month in March and 2.8 percent quarter-over-quarter in April. With monthly and quarterly increases holding steady, why are yearly increases slipping? Learn more

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