Home prices appreciated by 1% in February and 7% year-over-year. CoreLogic forecasts home prices will rise by 4.7% in the year going forward.
Newly built homes have gotten pricier over the last 10 years, with most homes selling above $250,000. Builders blame regulatory burdens for the increases.
The most recent Census Bureau stats show town homes as the fastest growing segment of the single-family housing construction market, with a 17.8% surge.