Grab your checkbook … home prices are on the rise!

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Grab your checkbook … home prices are on the rise!

Grab your checkbook as these CNBC reporters show home prices are still on the rise despite some serious headwinds

Home prices are still rising despite the fact interest rates are also rising. Another interesting fact even though home prices are rising actual closing sales is down 14% from a year ago.

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Updated: Boston Real Estate Blog 2022

Source: CNBC Real Estate

Hot off the presses, is this prediction, from the Greater Boston Association of Realtors:

A new home price analysis report for Greater Boston prepared by the National Association of REALTORS® concludes that “a rise in home sales and a strengthening in home prices appears imminent.” The NAR report cautions, however, that any near-term increase in home prices will vary depending upon mortgage rates and the sustainability of mortgage debt levels over the next year. Prices could climb as much as 10.8 percent if the debt level returns to the historic average level or as little as 2.3 percent if the debt level returns to the average but with less attractive mortgage rates.

I don’t make the news, I just report it.

Source: NAR Forecasts Strengthening in Boston Area Home Prices – Greater Boston Association of Realtors

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