Home prices have been up the last few quarters and a lot of this has been due to low inventory and lots of buyers out there.  Simple Supply and Demand.  Some markets have stabilized, some markets are still slow and some are taking off!

The only way to know for sure is to contact The J Team Fort Lauderdale to review the activity in your neighborhood or a neighborhood you want to move to!  No two neighborhoods sales activity are the same!

Visit www.JTeamFL.com or call us today at 954-235-3589 

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Check out this article we think you will find helpful!

Are House Prices Beginning to Accelerate Again?

In a recent post, we explained that the supply of homes for sale in December was at its lowest level in over a year. The January National Housing Trend Report from realtor.com now reveals that inventory in January has decreased another 6.7% month over month and 8.7% year over year. This is occurring at the same time that buyer activity (demand) remains strong.

This prompted realtor.com’s Chief Economist Jonathan Smoke to report:

“January’s inventory data suggest a continuation of the tightening trend we identified last month in the December data, and with a shortage of inventory typically comes increased home prices. Half of the 200 markets realtor.com tracks experienced year-over-year price increases of at least 6% in January.”

This after the National Association of Realtors (NAR) had already reported in their latest quarterly report:

“The majority of metropolitan areas experienced steady but slightly stronger price growth in the fourth quarter of 2014, behind a decline in housing supply and an uptick in demand fueled by lower interest rates and a stronger job market.” 

Bottom Line

Whether you are a first time buyer or a move-up buyer, now may be time to purchase a home – before prices increase any further.