Home Prices are Rising at a Rapid Pace

Home Prices are Rising at a Rapid Pace
Existing-home sales surged 9 percent year-over-year in March and home prices were
up 8 percent over last year, according to the National Association of REALTORS®. Home prices are rising at a more rapid pace than they were just a few months ago, as demand outpaces supply. What’s more, with tight inventories plaguing many markets, the median list price in March climbed 11 percent over last year, reaching $220,000, reports. With home prices heating up again, could the housing market be heading for another bubble?  'This Is No Housing Bubble,' read more.