Prices Up But Rates Still Low

Home prices around the country, including distressed sales, have risen six percent from July 2015 through July 2016, according to data analytics firm CoreLogic.

The good news is home loan rates are still in historically low territory. For people in the market for a home right now, good rates can help offset home price increases. Fall and winter tend to be slower for selling so there may be less competition for buyers. It could be a good time to jump into the market if you have been waiting to see what the economy is going to do.