Nationwide Real Estate Housing Prices Rose
Nationwide Real Estate housing prices rose 0.4 percent on a seasonally adjusted basis from April to May, according to the Federal Housing Finance Agency’s monthly House Price Index. Locally I would not say Real Estate prices rose, as you can imagine it's very hard to calculated if Real Estate "prices rose". I'm sure they average it but for example in Brevard County Florida we may sell 600 Homes in a month and a few million dollar homes sold one month can really skew the results making it seem like Real Estate prices went up.
What I do see are the good Real Estate deals are going away, in other words inventory has been drastically reduced from just 10 months ago. Even working in the Brevard County Real Estate market every day I'm frequently surprised to find so few homes when I research Real Estate for clients in certain areas of Brevard County Florida.