It’s been a decade since the housing market collapsed, and home prices have finally regained their previous peak.
According to the State of the Nation’s Housing 2017 report, released today by the Joint Center for Housing Studies at Harvard University, U.S. home prices rose 5.6 percent in 2016, beating out their pre-recession highs. Across the nation, home prices increased in 97 of the 100 largest metro areas.
While that’s a great sign for the health of the economy and great news for homeowners who saw their home values plummet in the recession, higher prices and fewer homes available on the market could keep many buyers from fulfilling their homeownership dreams.
I’ve written about this issue several times this year, and the data in the Joint Center for Housing Studies’ report underscored how serious the problem is.
The Providence Group was formed so that we could provide the personal and excellent service that our clients have grown to expect. We are a group of professional realtors affiliated with Keller Williams Realty Atlanta Perimeter, and we have more than fifteen years of experience selling and buying homes for our clients. As a community-focused team, we provide you with a Business Directory for referrals in every area to meet your needs even after your home purchase or sale.
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