Home Prices Posted Solid Gains

Supplies Put Home Prices on the Move

Home prices posted solid gains in the fourth quarter of 2014, with the majority of metro areas seeing a slightly stronger price growth, propelled by tight housing supplies,

low interest rates, and a strengthening job market, according to the National Association of REALTORS®’ latest quarterly report. The national median existing single-family home price was $208,700 in the fourth quarter, up 6 percent year-over-year, reports. The median existing single-family home price rose in 150 out of the 175 metro markets tracked – or 86 percent. That marks a stronger price gain compared to the third quarter when 73 percent of the metro areas had posted increases. What’s more, 24 areas – or 14 percent – saw double-digit increases in the fourth quarter, Learn more.