Washington and Colorado had the highest increase in prices on a yearly basis, at 11.6% and 10.9%, respectively, while home prices in Louisiana and Mississippi fell.
“With rates staying low for now and continued solid job and income growth, the spring buying season is shaping up to be a good one,” said Anand Nallathambi, president and CEO of CoreLogic.
As MHProNews understands, low inventory of housing stock for sale pushes prices up. As long as prices increase more than wages, home sales will likely be restricted. ##
(Image credit: globest)
