Home Prices Likely To Continue Their Upward Trend

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May 16, 2017

Photo: Pixabay

Homes flew off the market like hotcakes in the first quarter of 2017, causing prices to rise higher than predicted in many parts of the U.S. They could increase even more if the housing shortage continues, says senior economist Joseph Kirchner of Realtor.com. Kirchner says prices could rise 7 to 8 percent year over year in 2017, meaning that buyers on a budget “will be able to afford one less bedroom [or need to] accept a house with a longer commute.”

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