CoreLogic Reports 6.3 Percent Year-Over-Year Growth For Real Estate Market
LOUISVILLE, KY – Thanks to recent data from CoreLogic we know that the nationwide Real Estate market saw 6.3 percent growth, year-over-year, for the month of May 2015.
Some of the contributing factors which were responsible for 6.3 percent growth in the nationwide Real Estate market include: low mortgage interest rates which have hovered near 4 percent for most of the year, low home inventory and a strong economy.
With these factors in mind it’s likely we will see continued growth in the Real Estate market this summer as more people will be coming back from their summer vacations with the goal of buying homes before their children start school again.
Over the coming months CoreLogic predicts that we will see at least 0.9 percent growth in the Real Estate market or possibly more considering the fact that most economists feel that mortgage interest rates should increase to at least 5 percent by the end of the year.
Home Prices Approaching 2006 Peak
Another important statistic which was mentioned in the recent CoreLogic report is that home prices nationwide are just 8.4 percent below their April 2006 peak and this is especially great news for homeowners who have been waiting for years to regain the equity in their homes that they lost after the recent collapse of the Real Estate market.
Buy or Sell Louisville Real Estate
It doesn’t if you plan on buying or selling Louisville Real Estate in the coming months we can help you.
At Family Realty, LLC we’re experts in Louisville Real Estate and we have the skills you need to help you successfully navigate the Real Estate market.
To get started with buying or selling Louisville Real Estate contact us today by CLICKING HERE or calling (502) 458-4100