Home Prices Rising

by Gordon Jones

The price average for homes in the US rose by 0.3% in July from June according to the Federal Housing Finance Agency. Five of nine regions in the US saw price increases, with a 1.6% gain for the Pacific Region.

“Mortgage rates have come back down, and demand for homes remains high,” Brian Bethune, the chief financial economist of IHS Global Insight, told Bloomberg News. “There are a lot of positives in housing right now.”