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Home Prices Increase in 48 States in 2nd Quarter 2017

US home prices saw a 1.7% increase in Q2 2017, rising 6.6% from the previous year, according to FHFA’s House Price Index. New home sales are climbing, but low inventory has driven prices up for six years.

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.