U.S. house prices rose 7.7% in the year through June, extending a recovery that's spurring more homeowners to list their properties for sale.
Prices climbed 0.7% on a seasonally adjusted basis from May, the Federal Housing Finance Agency said yesterday in a report from Washington. Price increases are drawing more sellers to a market where a tight supply of homes has pushed up values, said Paul Diggle, a property economist at Capital Economics Ltd. The inventory of unsold homes was seasonably adjusted 5 months in June, up from 4.7 months in January, according to data from the National Association of Realtors.
Posted by Kevin Aizenshtat of Gulf Coast International Realtors. Kevin can be contacted at 239-777-1451 or [email protected].
Warmest Regards,
Kevin Aizenshtat
Realtor