Low Inventory Boosting Prices, Says HousingPulsePosted by Bonnie Martin Designated Broker on Wednesday, June 27th, 2012 at 7:09am.
dsnews.com - Home price purchases were mixed month-over-month in May, with non-distressed prices up and short sales down, according to the Campbell/Inside Mortgage Finance HousingPulse tracking survey.
From April to May, transactions reported by HousingPulse survey respondents revealed the average price for non-distressed properties rose 1.7 percent, while the average price for short sales fell 0.7 percent. For damaged REOs, the average price went up 1.8 percent and for move-in ready REOs, the average price dropped 1.5 percent.
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