The process of buying a home in today’s extremely tight low-inventory housing market is leaving 50 percent of homebuyers “in tears” according to the latest survey by real-estate marketplace company Zillow. Among the survey respondents, Gen Zers and millennials, many of whom tend to be first-time home buyers, are more likely to “cry at least…
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Home Prices up 12 Percent Year-Over-Year
Commentary Home prices in the U.S. increased in value during the past year at the fastest pace since the end of the 2006 real estate bubble that led to the Great Recession. Standard & Poors (S&P) compiled an index of home prices using an analytic framework developed by economic sciences Nobel laureate Robert Shiller and…