Some good news for the housing market is emerging. The prices for U.S. homes managed to see positive gains during August as a greater number of homebuyers found themselves competing for fewer available properties.
The Standard & Poor’s CoreLogic Case-Shiller 20-city home price index saw a healthy gain of just over five percent in August, following a previous five percent gain in July. These gains are attributed to factors such as low rates for mortgages, steady hiring, and early indicators of rising pay. Collectively, these factors have spurred a greater number of Americans to purchase homes. Per the National Association of Realtors, the sales of existing properties increased by more than three percent in September from August.
In the city of Miami, home prices saw gains of 7.1 percent from a year ago. If you’d like to learn more about what current opportunities are available in the city or neighbouring areas, don’t hesitate to get in touch with us. Our hard money loans close fast, we don’t require credit checks, and we work with investors from all around the world. Visit https://mmprivatelending.com for more information.