Coldwell Banker Premier Realty

Reviewing Corelogic's HPI Report

Being Furthest From Peak Might be a Good Thing
Posted by John McClelland on December 14, 2015 in  Corelogic  Home Prices  HPI  Peak Pricing
As the exhibit below illustrates, Nevada is one of five states furthest from peak pricing. There are several reasons why this alleviates many of our concerns about current value. One, current prices can be explained fairly well when we look at the level of supply in the market and demand drivers such as improving employment and population growth. What is hard to explain is why a closet sized condominium in San Francisco can be so expensive. Foreign hot money and a vibrant technology and finance sector may explain s... read more
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