Home prices up over 5.00 percent

The most recent Case-Shiller HPI (Home Price Index) shows that nationally, prices were up over 5.00% in October 2015 compared to October 2014.  The increase in sales was helped by a slight improvement in the economy, low inventory along with continued low interest rates.

Sales may slow in the coming months with introduction of new industry regulation along with slightly higher interest rates to finish off the year.  Mortgage rates typically a tad bit higher towards the end of the year (all things being equal).   Overall home prices (nationally) remain below their 2006 peak.