Puyallup and Tacoma Home price increase in area outpaces all but Colorado

As a Home mortgage lender located in Puyallup, WA I sure have seen this market stay very active and a lot of homes being sold.  Prices continue to move upward, but not at the crazy pace we saw back in 2005-2008.  Inventory is very low right now, which adds to the higher prices so if you find a home you like don’t wait around a “think about it” for a week because it will be gone.  My clients are finding a lot of great homes in fantastic areas, if you need some help be sure to give me a call. My clients are winning their offers for purchase and their Realtors are awesome to work with. I always love to connect people and help them achieve their dreams of home ownership.

From the Tacoma News Tribune

Home prices are up and headed higher, according to the property analytics service CoreLogic.

In the Tacoma-Lakewood area, home prices increased 10.4 percent in February compared with the same month a year ago.

Nationwide, all states reported an increase in home prices for the year, while Washington recorded the greatest increase at 12.4 percent. The average increase nationwide was 6.8 percent, CoreLogic said.

The increase in the Tacoma-Lakewood area was higher than noted in all other regions but Colorado, which saw an increase of 10.5 percent.

The nationwide trend will continue, the service stated. “The CoreLogic forecast indicates that home prices will increase 5.2 percent on a year-over-year basis from February 2016 to February 2017

Read more here: http://www.thenewstribune.com/news/business/real-estate-news/article70373292.html#storylink=cpy

 

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