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2014 Real Estate Market - Selling Your Lake County Illinois Home

2014 Real Estate Market - Selling Your Lake County Illinois Home

Home prices rising, but slowly ...

August 26, 2014:


case schiller
Year-over-year price gains have slowed.

NEW YORK (CNNMoney)

Home prices are still rising, but the pace of increases is definitely slowing.

"National home prices rose 6.2% this spring, compared to the same three months last year, according to the S&P/Case-Shiller national home price index. 

Prices in the index's 10 and 20 city measures rose at a slower year-over-year pace in June alone, with every city reporting lower gains -- the first time that's happened in more than six years. Both city indexes rose 8.1% on an annual basis.
 
Recent housing market data has sent a mixed message. The number of new homes sold dropped in July for the third straight month. But existing home sales rose in July to an annual rate of 5.15 million units, the highest level in 2014. Housing starts and builder sentiment have also been positive.
"Taken together, these point to a more normal housing sector," said David Blitzer, spokesman for S&P."

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Jim Starwalt

Thinking of making a move?

Download the New Free RE/MAX Home Search App or text the word MOBILE to 224-677-2200.

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

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2014 Real Estate Market - Selling Your Lake County Illinois Home

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