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Founder and CEO of Micro Market Media, LCC. Publisher of South Bay Digs and Westside Digs.

Same Story for Housing: Rising Prices, Low Inventory

Home prices continue to rise in the second quarter of 2017 against a diminished housing inventory that is hitting all-time lows. According to the National Association of Home Builders and First American Title Insurance Leading Markets Index (LMI), nearly 300 markets across the U.S. posted an increase in economic and housing activity from the first to the second quarter.

iBuyers & Wall Street: A New Era in Real Estate Investment

The emergence of “iBuyers,” institutional investors utilizing technology to become the largest purchasers of Americans’ most significant assets, could significantly influence real estate market dynamics, including pricing and commission rates. The iBuyer trend is still in its infancy, but it is set to revolutionize the real estate industry, driven by a drive to make the home-selling process more efficient and lucrative.

Nationwide Home Prices Up 7% YoY Since 2016

According to CoreLogic’s recently released Home Price Index (HPI), home prices are up both year-over-year and month-over-month. Nationwide, home prices increased year-over-year by 7% in February 2017 compared with February 2016 and increase month-over-month by 1% in February 2017 compared to January 2017.

Q4 Loans in 2016 Among Highest Quality Since 2001

According to CoreLogic’s recently released Housing Credit Index (HCI), the loans originated in the fourth quarter of 2016 are among the highest quality mortgages originated since 2001, (in terms of overall credit risk.)

Cash Home Sales Down Sharply

According to a recently released report by CoreLogic, a third of home sales in March were all-cash transactions, which was a sharp decrease of 2.8% from February.