Home prices jump nearly 11% in April

NEW YORK (CNNMoney)

Still, they are 18% below the peak set in July 2006, according to S&P/Case-Shiller. And price gains are slowing.

"Although home prices rose in April, the annual gains weakened," says David Blitzer of S&P Dow Jones Indices. "Last year some Sunbelt cities were seeing year-over-year numbers close to 30%, now all are below 20%."

Low mortgage rates, which the Federal Reserve is expected to keep reined in through mid-2015, and gains in the job market should continue to help the housing market, according to Blitzer.

But don't get too comfortable.

Home sales are being supported by all-cash buys and low supply, said Blitzer. And he says qualifying for a mortgage is still a problem.

"First time home buyers are not back in force," he said.

Related: Dream beach houses for sale

First Published: June 24, 2014: 9:09 AM ET

Anda sedang membaca artikel tentang

Home prices jump nearly 11% in April

Dengan url

http://kasiatbuatsehat.blogspot.com/2014/06/home-prices-jump-nearly-11-in-april.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Home prices jump nearly 11% in April

namun jangan lupa untuk meletakkan link

Home prices jump nearly 11% in April

sebagai sumbernya