Tag Archives: Brace Your Buyers for Higher Home Prices

Home prices are rising across the country and the prices for new homes in particular may increase significantly in the near future. Economist Bradley Hunter with Metrostudy told The Chicago Tribune that he predicts newly-built homes could see a 9 percent increase in price by the end of the year. Here’s what’s happening: Land values are going up very fast right now in prime locations, what we call the “A” locations, Hunter explains. In the best A (and B) markets, we expect prices to rise by 11 percent to 15 […]