States Expecting Most Growth in Home Prices

The majority of REALTORS® remain "strongly" confident that the single-family home market will perform better over the next six months than it did a year ago, according to the latest REALTORS® Confidence Index, a survey of more than 50,000 practitioners. Job growth and low interest rates — the 30-year fixed-rate mortgage is holding below 4 percent — are helping to buoy demand, the survey indicates.

The median price of all existing homes in August was $230,200, which nearly matches the peak price of $230,900 in July 2006. North Carolina and South Carolina are states where the median home price is expected to rise 4 percent to 5 percent over the next 12 months.

States Expecting Most Growth in Home Prices | Realtor Magazine FULL ARTICLE