The housing industry is booming right now with less inventory that is driving prices up on for-sale homes! And with that comes the latest list of the Top 10 States to Reach New Price Peaks. Coming in at #6 is North Carolina!
“Mortgage rates on 30-year fixed-rate loans remained below 4 percent through May, helping to fuel home purchase activity,” says Frank Nothaft, CoreLogic’s chief economist. “Our homes-for-sale listing data shows that markets with high demand and limited supply, such as San Francisco, are recording double-digit appreciation rates over the past year.” Overall, 33 states are at or within 10 percent of their price peaks, according to CoreLogic.
The 10 states that have zoomed to new price peaks are:
- New York
- North Carolina