Author: Kimberly Chin

Construction workers on a residential construction sites in Phoenix, AZ. Source: Leblanc Construction/Wikimedia Commons

Construction Labor Costs Drive Home Prices Up, Pushing Buyers Out

Homebuilders are desperate to build more homes as demand accelerates across the country though they can’t because they simply do not have enough workers. The dearth in labor has squeezed homebuilders who have seen costs rise. It is the rise in labor costs in particular that has some construction firms […]

New Sell Construction For Sale Buy Industry Home

Five Things to Watch in the February Home Prices Report

The Case Shiller Home Prices Indices for February 2017 will be released on Tuesday morning. Last month’s report saw a 5.9 percent annual gain in the national index for the month of January, up from 5.7 percent in the previous month. Prices are at an all-time high since the housing […]

Source: Matthew Hurst

High Prices, Low Supply Force Homebuyers to Scramble for Fewer Homes

Housing prices hit a 31-month high in February amid depressed inventory, making it hard for first-time buyers to purchase homes. The Case Shiller Home Price Index for the nation rose 5.7 percent in January over the previous month and increased 5.9 percent from the same month a year ago. Inventory […]

Home prices and sales have risen as signs of a healthy economy.

Housing Prices Cap Off 2016 With A High

Consumers cast a strong vote of confidence in the Trump administration as they pushed housing prices up with prospects of a growing economy. The Case Shiller National Home Price index, released on February 28, reported a 5.8 percent annual gain from November, faster than last month’s robust gain. Prices increased […]