{"id":188,"date":"2013-05-14T05:08:49","date_gmt":"2013-05-14T05:08:49","guid":{"rendered":""},"modified":"2016-08-04T19:51:37","modified_gmt":"2016-08-05T00:51:37","slug":"geneva-lakes-resort-community-market-update","status":"publish","type":"post","link":"http:\/\/margaretcanfield.com\/blog\/2013\/05\/geneva-lakes-resort-community-market-update\/","title":{"rendered":"Geneva Lakes Resort Community Market Update"},"content":{"rendered":"

Home prices also keep on going, and in a decidedly upward direction. The National Association of Realtors (NAR) reported that<\/span>for Q1 of this year, the median existing home price jumped 11.3% over last year, the largest annual gain since Q4 of 2005.<\/span> But Q1 inventory was down 16.8%. The NAR’s chief economist expounded: “Inventory conditions are expected to remain fairly constrained this year, so <\/span>overall price increases should be well above the historic gain of one-to-two percentage points above the rate of inflation.”<\/span> <\/span>

A leading research analytics firm reported that <\/span>home prices in March jumped 10.5% year over year, posting their biggest annual gain in seven years<\/span>.<\/span> Plus, the 1.9% price increase over February was the 13th monthly gain in a row. These analysts expect April to register a 12% annual and a 2.7% monthly price hike, if you exclude distressed sales. Finally, Fannie Mae reported a milestone in consumer optimism about home prices:<\/span> the majority of Americans they surveyed now expect home prices to increase over the next year.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Home prices also keep on going, and in a decidedly upward direction. The National Association of Realtors (NAR) reported thatfor Q1 of this year, the median existing home price jumped 11.3% over last year, the largest annual gain since Q4 of 2005. But Q1 inventory was down 16.8%. The NAR’s chief economist expounded: “Inventory conditions are […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-188","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-lake-geneva-real-estate","7":"entry"},"aioseo_notices":[],"_links":{"self":[{"href":"http:\/\/margaretcanfield.com\/blog\/wp-json\/wp\/v2\/posts\/188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/margaretcanfield.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/margaretcanfield.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/margaretcanfield.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/margaretcanfield.com\/blog\/wp-json\/wp\/v2\/comments?post=188"}],"version-history":[{"count":1,"href":"http:\/\/margaretcanfield.com\/blog\/wp-json\/wp\/v2\/posts\/188\/revisions"}],"predecessor-version":[{"id":476,"href":"http:\/\/margaretcanfield.com\/blog\/wp-json\/wp\/v2\/posts\/188\/revisions\/476"}],"wp:attachment":[{"href":"http:\/\/margaretcanfield.com\/blog\/wp-json\/wp\/v2\/media?parent=188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/margaretcanfield.com\/blog\/wp-json\/wp\/v2\/categories?post=188"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/margaretcanfield.com\/blog\/wp-json\/wp\/v2\/tags?post=188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}