According to Case-Shiller, national home prices grew by 3.7% year-to-year in March.
Some housing experts consider the easing of the trajectory in the prices of houses as somewhat of a slowdown. But this couldn’t be further from the truth. The economic strength over the last 18 months continues to give consumers an optimistic view.
This measured growth continues to give confidence in the current overall health of the housing and construction industry without the overarching fears that it could become overheated anytime soon.
The ratios of household debt service to income do not expose any conspicuous problems moving forward. Consumer sentiment continues to be very upbeat with housing prices rising at a measured rate of growth.
The S&P 10-City Composite continues to stay within a 2% range, where it grew 2.3% on an annual basis versus 2.5% from February 2018.
Of the metro regions, Las Vegas, Tampa, Florida, and Phoenix all posted the biggest gains.
If you have any questions about this information or title insurance, please contact Ralph Aponte: 732.914.1400.
Counsellors Title Agency, www.counsellorstitle.net, founded in 1996, is one of New Jersey’s most respected title agencies, serving all 21 New Jersey counties with title insurance, clearing title, escrow, tidelands searches, and closing and settlement services for commercial or industrial properties, waterfront properties and marinas, condominiums, townhouses or residential single family homes. Counsellors Title also features its own Attorney Settlement Assistance Program™ [ASAP], which is an individual resource customized to fit the needs specifically of real estate attorneys, including, Documentation, Preparation, Disbursement of Funds, Attendance at Closing, HUD Preparation or Post-Closing Matters.
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