Source: National Association of Realtors *By sales price as of May 2017
Year-Over-Year Change in Home-Sales Transactions*
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“We now expect the Fed to announce
its policy to taper the balance sheet
in September  and hike the
fed funds rate once more this
year in December.”
Chief economist, Redfin
Victor Whitman is chief reporter at Scotsman Guide Media.
Reach him at (425) 984-6017 or firstname.lastname@example.org.
Home-sale prices have reached new peaks in
several cities, but the annual pace of home-price
growth has remained largely stable. In 2017, for
the second consecutive year, homes purchased
with conventional loans in the first quarter
recorded a 6 percent year-over-year price bump,
the Federal Housing Finance Agency reported.
Chief economist, Fannie Mae
“For buyers competing in this
[housing] market, it’s survival
of the fittest.”
Starter-home sales decline
The number of home sales has increased
dramatically at the upper ends of the market,
but sales have declined or are flat in the lower
tiers, according to the National Association of
Realtors (NAR). This past May, the number of
sales of homes priced under $100,000 declined
by 7 percent year over year, whereas homes
priced over $250,000 increased by double digits.
This trend reflects on the severe shortage of
inventories in the lower-price ranges, NAR said.
Source: Federal Housing Finance Agency
Year-Over-Year Sales-Price Growth
for U.S. Homes