According to Standard & Poor?s Case Shiller, and The Federal Housing Finance Agency, the prices of homes have risen approximately 20% over the last three years. This trend is anticipated to continuing increasing throughout 2015; and there are four primary factors that are impacting pricing:
- Wages and Inflation
- Interest Rates and Inventory
- Demographics
- Oil Prices
Of course there are several other components that play into the housing economy, these four are the predominant driving forces. To read a more comprehensive report regarding these key variables, check out this article from our friends at RISMedia.