Hey Housing World folks! So, Movoto did some digging this week and realized that housing prices are going up (finally!) in some major metros which have had horrible inventory levels. It's a pretty unique report.
What was unusual about the stagnant prices was that the inventory levels were low, which usually means price gains, as you probably know. Well, it took a while, but it's happening now, and we charted which metro areas have seen low inventory/price gains since the beginning of 2012 in today's report: http://bit.ly/REcovery
Home prices can't be kept down forever! :)
Take care,
Nick
What was unusual about the stagnant prices was that the inventory levels were low, which usually means price gains, as you probably know. Well, it took a while, but it's happening now, and we charted which metro areas have seen low inventory/price gains since the beginning of 2012 in today's report: http://bit.ly/REcovery
Home prices can't be kept down forever! :)
Take care,
Nick
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