Latest Housing News from the National Association of Realtors (NAR)
Stronger demand amidst lagging inventory levels caused home prices to accelerate in many metro areas during the first quarter of 2015. Home prices are on the rise. The National Association of Realtors reports that the median existing single-family home price rose in the first quarter in 148 out of the 174 metro areas. San Jose is currently the most expensive market in the U.S
West: Existing-home sales rose 1.5 percent in the first quarter and are 5.4 percent above a year ago. Median home price: $295,500, up 5.8 percent above year ago levels.
Source: National Association of Realtors
