CoreLogic Home Price Insights showed home prices accelerated in July, up 2.5%
annually, after 1.6% yearly growth the prior two months. Prices have now risen
annually six straight months, and are 5% above their February low.
According to the National Association of Home Builders, nearly a third of all listings in
July were new construction. Historically, new homes have accounted for only about
10% to 15% of the market.
A national real estate investment company’s data revealed many flippers are snatching
up vacant, dilapidated homes and renovating them, adding turnkey inventory that is
30% to 40% less expensive than new construction.
Every person’s situation is different, so give me a call so we can discuss what is right for
you.
Mary Cockburn
505-639-2090
MaryCockburn.Realtor@gmail.com
