News
Report: US Property Prices Still Going Strong
Home prices kept increasing through January, signaling that tight inventory will mean higher prices and sales volatility in housing through 2016.
The national S&P/Case-Shiller Home Price Index rose 5.4% in the 12 months ending in January, up from 5.3% in December.
The hottest markets, mostly on the West Coast, saw gains of 11.8% (Portland), 10.7% (Seattle) and 10.5% (S.F.) year-over-year, the Wall Street Journal reports.
Still, price growth may moderate some in 2016, as buyers hit the limits of what they can afford in these pricey markets—many of them weighed down by student loans and credit card debt, and forced to keep renting. [WSJ]
