Existing home median prices dip slightly in February
The speaker notes that weak demand kept existing single family home prices low with the median slipping from 64 500 in January to 64 100 in February While February’s figure rose 86 percent from a year earlier the gain trails overall inflation and reflects softer market sentiment.
MENTIONED IN THIS ARTICLE
Maryland
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Jack Wilhelm
Fredco
Mont CO
Fred
Carriage House Realty
Carlson cites regional housing price trends and 1982 outlook
Carlson notes February price declines were sharpest in the Northeast while the West saw gains. He forecasts 1961 existing home prices up about 11.6 percent, similar to 160. He expects 1982 home price growth of 125 percent amid stronger activity. Monthly mortgage payments should stay near 25 percent of average household income.
MENTIONED IN THIS ARTICLE
Carlson
National Association of Realtors
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