Home Prices Still on an Upturn

Home prices are still on an upturn, up 5.3 percent in the fourth quarter of 2017, according to the latest quarterly report by the National Association of REALTORS® (NAR).
“A majority of the country saw an upswing in buyer interest at the end of last year, which ultimately ended up putting even more strain on inventory levels and prices,” says Lawrence Yun, chief economist of NAR. “Remarkably, home prices have risen a cumulative 48 percent since 2011, yet during this same ti