Ahead of the Spring buying season, US home prices recorded their largest gains in 7 years. This is good news for sellers, and should provide food for thought to those considering a home purchase.
The gains were broad-based. Prices rose in 47 of 50 states and in all but four of the nation’s 100 largest metro areas. Delaware, Alabama and Illinois were the only states to report price declines.
Prices have now been rising for 12 months straight. It’s time to make your move.