Carolina

Financial Mirror (Cyprus) - - FRONT PAGE -

Kansas (9.5%), Colorado (8.5%), Carolina (8.2%), Florida (7.9%),and (up 7.6%).

“All signs are point­ing to­ward con­tin­ued price ap­pre­ci­a­tion through­out 2015. In fact, the strong month-over-month gain in March may be a harbinger of ac­cel­er­at­ing price South Texas ap­pre­ci­a­tion as we en­ter the spring sell­ing sea­son,” CoreLogic said in a state­ment.

It added that tight in­ven­to­ries, job growth and the in­ex­orable im­pact of de­mo­graph­ics and house­hold for­ma­tion are push­ing price lev­els in many states, and es­pe­cially large metropoli­tan ar­eas like Dal­las, Den­ver, Hous­ton, Seat­tle, and San Fran­cisco, to­ward record lev­els.

CoreLogic has fore­cast that home prices will rise 0.8% month-on-month in April and rise by 5.1% be­tween March 2015 and April 2016. Both pro­jec­tions in­clude dis­tressed sales.

In its lat­est re­port based on a sur­vey of se­nior loan of­fi­cers, the Fed­eral Re­serve noted that “re­gard­ing loans to house­holds, banks re­ported hav­ing eased lend­ing stan­dards for a num­ber of cat­e­gories of res­i­den­tial mort­gage loans over the past three months on net. Most banks re­ported no change in stan­dards and terms on con­sumer loans. On the de­mand side, mod­er­ate net frac­tions of banks re­ported stronger de­mand across most cat­e­gories of home-pur­chase loans. Sim­i­larly, re­spon­dents ex­pe­ri­enced stronger de­mand for auto and credit card loans on bal­ance.”

Banks are will­ing to lend and buy­ers are will­ing to bor­row. Now in­ven­tory just has to catch up. (Source: 24/7 Wall St.com)

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